Energy Update
TOKYO, June 30 (Reuters) - Japan's top military commander
said on Thursday that Chinese military activity was escalating
in the East China Sea, with a spike in emergency jet scrambles
in the past three months.
Spot market prices for Australian thermal coal delivered to power stations in southern China have shrugged off their aura of doom and gloom.
(Thu, 30 Jun 2016) The newly expanded Panama Canal will be able to accommodate 90% of the world's current liquefied natural gas (LNG) tankers with LNG-carrying capacity up to 3.9 billion cubic feet (Bcf). Prior to the expansion, only 30 of the smallest LNG tankers (6% of the current global fleet) with capacities up to 0.7 Bcf could transit the Canal. The expansion has significant implications for LNG trade, reducing travel time and transportation costs for LNG shipments from the U.S.
RIO DE JANEIRO, June 30 (Reuters) - Brazil's Petrobras said
late Wednesday that its board of directors had created a new
senior management post responsible for strategy, organization
and system management to bolster long-term planning efforts and
control debt and investment.
SINGAPORE, June 30 (Reuters) - Oil prices fell in early
trade on Thursday, with Brent futures struggling to defend $50
per barrel as fears over strike outages in Norway faded and as
Nigeria's production improved.
HOUSTON, June 29 (Reuters) - The U.S. Virgin Islands'
attorney general on Wednesday agreed to withdraw a sweeping
subpoena issued against Exxon Mobil Corp as part of a
push by a coalition of state prosecutors to try to investigate
whether the world's largest publicly traded oil company misled
the public about climate change risks.
State-owned firm Petroleum Development Oman (PDO) has secured $4bn in financing from a group of international financial institutions to fund the construction of new facilities amid plunging oil price.
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.
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