Energy Update
MOSCOW, June 25 (Reuters) - Russia's biggest oil producer
Rosneft said on Saturday that China National Chemical
Corporation (ChemChina) would take a 40 percent stake
in its planned petrochemical complex VNHK in Russia's Far East.
MOSCOW, June 25 (Reuters) - Russia's biggest oil producer
Rosneft said on Saturday that China National Chemical
Corporation (ChemChina) would take a 40 percent stake
in its planned petrochemical complex VNHK in Russia's Far East.
NEW YORK/WILMINGTON, Del., June 24 (Reuters) - Energy
Transfer Equity won a court ruling on Friday that would
allow the pipeline operator to walk away from its more than $20
billion takeover of rival Williams Cos Inc, a deal that
Energy Transfer agreed to in September but soured on in January.
HOUSTON, June 24 (Reuters) - With a number of U.S. states
proceeding with investigations of Exxon Mobil Corp's
record on climate change, the attorney general of Massachusetts
and investment funds of the Rockefeller family on Friday told a
Congressional committee it lacked powers to oversee those
probes.
HOUSTON, June 24 (Reuters) - With many U.S. states
proceeding with investigations of Exxon Mobil Corp's
record on climate change, the attorney general of Massachusetts
and investment funds of the Rockefeller family on Friday told a
Congressional committee it lacked powers to oversee those
probes.
(Adds benchmark and gas prices)
June 24 (Reuters) - U.S. natural gas speculators boosted
their net longs for a fourth consecutive week, betting prices
will rise as production eases and power demand remains high to
meet rising air-conditioning use during an unusually hot start
to the summer.
Speculators in four major NYMEX and ICE markets increased
their bullish bets by 12,388 contracts to 94,209 in the week to
June 24 (Reuters) - U.S. natural gas speculators boosted
their net longs for a fourth consecutive week, betting prices
will rise as production eases and power demand remains high to
meet rising air conditioning use during an unusually hot start
to the summer.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 12,388 contracts to 94,209 in the week to
June 21, the U.S. Commodity Futures Trading Commission said on
(Adds basins and states)
June 24 (Reuters) - U.S. oil drillers cut rigs this week for
a 20th week this year after three weeks of additions, according
to a closely followed report on Friday, as crude prices pull
back after a recent rally to an 11-month high over $51 a barrel.
Despite a decline in U.S. crude to below $48 a barrel on
Friday after Britain voted to leave the European Union, several
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