Energy Update
Australian Renewable Energy Agency (ARENA) has agreed to grant $2.4m funding to Southern Oil Refining (SOR) to support the development of biocrude and biofuel test laboratory in Queensland.
CALGARY, Alberta, June 23 (Reuters) - New rules from
Alberta's energy regulator determining which companies are
deemed strong enough to buy assets are off the mark in terms of
fairness and transparency, Penn West Petroleum Ltd's
chief executive said on Thursday.
CARACAS, June 23 (Reuters) - Oil prices will likely rise by
$10 per barrel this summer, Venezuela's oil minister said on
Thursday, adding that the South American OPEC nation's output
could increase as much as 200,000 barrels per day in the next
six months.
TORONTO, June 23 (Reuters) - Canada's benchmark stock index
reached a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
WASHINGTON, June 23 (Reuters) - Volkswagen AG
will pay more than $10 billion to settle claims by nearly
500,000 owners stemming from its U.S. diesel emissions cheating
scandal and fund efforts to offset pollution, three sources
briefed on the agreement said on Thursday.
BOGOTA, June 23 (Reuters) - Colombia's state oil company
Ecopetrol offered 20 oil and gas blocks for auction on
Thursday, part of a company plan to cut back amid low global
crude prices.
CARACAS, June 23 (Reuters) - Oil prices will likely rise $10
per barrel over the summer, Venezuelan Oil Minister Eulogio del
Pino told a local radio network on Thursday.
June 23 (Reuters) - A unit of Tokyo Electric Power Co
Holdings Inc (Tepco) lost track of electricity usage
for about 6,400 households in Tokyo due to an apparent technical
glitch, leaving new power companies unable to bill some
customers, the Nikkei reported.
WASHINGTON, June 23 (Reuters) - The talks held by a top U.S.
diplomat in Venezuela, which included meetings with Venezuelan
President Nicolas Maduro and opposition figures and civil
society activists, were good and constructive, a State
Department spokesman said on Thursday.
June 23 (Reuters) - Volkswagen AG's diesel
emissions settlement with U.S. regulators is valued at nearly
$10.3 billion, a source briefed on the agreement said on
Thursday.
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