Energy Update
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
NEW YORK/WILMINGTON, Del, June 17 (Reuters) - A high-stakes
trial will open on Monday to determine if Dallas billionaire
Kelcy Warren's Energy Transfer Equity can back out of a
$20 billion agreement to buy rival pipeline operator Williams
Cos Inc.
WASHINGTON, June 17 (Reuters) - Two senior Republican House
of Representatives lawmakers said on Friday they were concerned
that Boeing Co's reported plans to sell aircraft to Iran
could threaten U.S. national security and had requested more
information from the company.
June 17 (Reuters) - U.S. drillers this week added oil rigs
for a third week in a row for the first time since August,
according to a closely followed report on Friday, as producers
seek more drilling permits after crude prices hit an 11-week
high over $51 a barrel last week.
Despite a decline in U.S. crude futures to one-month
lows to under $47 this week, analysts and producers have said
Lebanon plans to bulk up on renewable-energy assets beyond just rooftop solar in a move that could wean reliance on fossil fuels and avoid blackouts, according to a government agency.
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