Energy Update

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CARACAS, June 29 (Reuters) - Venezuelan state oil company
PDVSA has signed financing agreements with services firms
Halliburton and Weatherford, PDVSA's president
said on Wednesday, following chronic payment difficulties for
companies working in the OPEC nation.

OTTAWA, June 29 (Reuters) - Mexican President Enrique Pena
Nieto, who has previously likened U.S. Republican presidential
candidate Donald Trump to Adolf Hitler and Benito Mussolini,
said on Wednesday he only drew the comparison as a reminder of
the devastation wreaked in the past.

OTTAWA, June 29 (Reuters) - U.S. President Barack Obama said
on Wednesday that withdrawing from international trade
agreements would not help to reduce economic inequality given
that globalization has progressed so far.

OTTAWA, June 29 (Reuters) - The United States, Canada and
Mexico will work to ensure the stability of the global financial
system after Britain's vote to leave the European Union last
week, U.S. President Barack Obama said on Wednesday at a news
conference at a North American summit in Ottawa.

OTTAWA, June 29 (Reuters) - U.S. President Barack Obama on
Wednesday urged the Venezuelan government to respect the
democratic process and the rule of law, including allowing the
release of political prisoners.

TORONTO, June 29 (Reuters) - The Canadian crude-producing
province of Alberta said on Wednesday it finished the 2015-16
fiscal year with a C$6.4 billion ($4.93 billion) deficit, C$324
million wider than forecast in October, as revenue fell.

June 29 (Reuters) - Mexican President Enrique Pena Nieto
said on Wednesday that "isolation is not the path, integration
is," a day after U.S. Presidential candidate Donald Trump vowed
a renegotiation of the North American Free Trade Agreement.

NEW YORK, June 29 (Reuters) - U.S. biofuels credits hit near
three-year highs on Wednesday after Goldman Sachs Group
warned supplies could more than halve by the end of 2017, in
what could mark the return of prolonged wild prices in the niche
market for the first time in years.

* Indexes up: Dow 1.31 pct, S&P 1.48 pct, Nasdaq 1.72 pct

(Updates to early afternoon)

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