Energy Update
BRASILIA, June 18 (Reuters) - The Brazilian government plans
to transfer 2.9 billion reais ($849 million) in emergency funds
to the state of Rio de Janeiro to pay for infrastructure and
security during the Olympic Games, a government official told
Reuters on Saturday.
BELGRADE, June 18 (Reuters) - China sought to strengthen its
economic presence in central and eastern Europe on Saturday by
signing 22 agreements on finance and infrastructure with Serbia.
SAO PAULO, June 17 (Reuters) - Brazil's Environment Ministry
fined mining company Samarco 142 million reais ($41.6 million)
for damages to three protected areas resulting from a tailings
dam burst in November, the ministry said on Friday.
Soybean exports typically start rising out of South America in the second quarter and peak in June and July as the new harvest comes down to ports.
According to shipping sources, India's continuous appetite for ex-US Gulf petcoke has been due to a lack of available stems in other exporting markets, such as Saudi Arabia.
Capesize freight rates in Q2 2016 began to see an improvement after they hovered within a 10% range of the lowest levels seen, through most of Q1. The improvement seen was due to underlying factors, such as bunker prices, market derivative rates and positional tightness.
MARSEILLE, France, June 18 (Reuters) - France's hardline CGT
union ended on Friday a strike that had paralysed traffic for 26
days at the Fos Lavera oil terminals on the Mediterranean, the
country's biggest oil hub, a management official at port
operator Fluxel said.
WASHINGTON, June 17 (Reuters) - President Barack Obama and
the deputy crown prince of Saudi Arabia on Friday discussed ways
to support Iraqis in their fight against Islamic State militants
and the importance of a political transition in war-torn Syria,
the White House said.
WASHINGTON, June 17 (Reuters) - President Barack Obama and
the deputy crown prince of Saudi Arabia on Friday discussed ways
to support Iraqis in their fight against Islamic State militants
and the importance of a political transition in war-torn Syria,
the White House said.
June 17 (Reuters) - U.S. natural gas speculators boosted
their net longs for a third consecutive week, betting prices
will rise as production eases and power demand picks up to
absorb some of the record high amount of fuel left in
inventories after a warm winter.
Speculators in four major NYMEX and ICE markets added to
their bullish bets by 27,431 contracts to 81,821 in the week to
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