Energy Update
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.
LONDON/BRUSSELS, June 29 (Reuters) - A government overhaul
of the British Steel Pension Scheme - crucial to convincing
anyone to buy Tata's British assets - is in jeopardy after
Britons' vote to leave the European Union deepened the fund's
debts and depleted its assets, analysts and industry sources
said.
Peter Brennan, Sebastian Lewis and Christopher Davis on how the wait for the first significant merging of Chinese steelmakers could be at an end.
BEIJING, June 29 (Reuters) - China needs broader market
reform and tighter emission regulations to promote natural gas
as the most effective fuel to cut its emissions, industry
executives said on Wednesday.
JOHANNESBURG, June 29 (Reuters) - South Africa's state-owned
Strategic Fuel Fund (SFF) said on Wednesday it had offered to
buy Chevron's majority stake in the country's oil
refinery in Cape Town and other downstream assets as well as
those in neighbouring countries.
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