Energy Update
DUBAI, June 16 (Reuters) - The United Arab Emirates'
involvement in more than a year of war in Yemen is "practically
over", a top diplomat was quoted as saying on Wednesday.
The US steel industry is nearing the dog days of summer when many in the market will pack their bags and make the pilgrimage to the coast.
(Thu, 16 Jun 2016) The U.S. Energy Information Administration will hold its 2016 Energy Conference on July 11 and 12 in Washington, DC. This two-day event provides the opportunity to meet and network with energy analysts, decision makers, and EIA staff. This year's conference also includes an EIA job fair.
WASHINGTON, June 15 (Reuters) - Saudi Arabia's powerful
deputy crown prince held a full day of meetings with U.S.
lawmakers on Wednesday, part of a visit aimed at restoring
frayed ties with Washington and promoting his plan to wean the
kingdom away from oil revenue.
BRASILIA, June 15 (Reuters) - Brazil's interim President
Michel Temer denied on Wednesday allegations that he sought
campaign funds for his party stemming from a graft scheme at
state oil company Petrobras, implicating him in the
country's biggest ever corruption scandal.
BRUSSELS, June 15 (Reuters) - The European Union on
Wednesday agreed an outline deal on a law to clean up the
commodities supply chain, so importers will have to carry out
checks to stem the use of gold and other metals from conflict
zones, European politicians said.
HOUSTON, June 15 (Reuters) - U.S. shale oil producer Devon
Energy Corp said on Wednesday it would sell Texas
acreage to Pioneer Natural Resources Co and an
undisclosed buyer for $858 million, as the pace of asset sales
picks up on recovering oil prices.
MONTEVIDEO, June 15 (Reuters) - Uruguay's government said on
Wednesday it would hedge against oil prices rising above $55 a
barrel to avoid exposing the country to volatile swings in the
commodity's price.
HOUSTON, June 15 (Reuters) - Exxon Mobil Corp asked
a federal court on Wednesday to throw out a subpoena that would
force the oil company to hand over decades of documents as part
of a wide-ranging inquiry into whether it misled investors about
climate change risks.
MONTEVIDEO, June 15 (Reuters) - Uruguay's government said on
Wednesday it would hedge 6 million barrels of oil for payout if
the price of crude rises above $55 per barrel as it tries to
limit exposure to volatile petroleum prices.
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