Energy Update
ERBIL, Iraq, June 15 (Reuters) - Iraq's Kurds are ready to
strike an agreement with the central government in Baghdad on a
deal to increase oil exports, if it guarantees them a monthly
revenue of $1 billion, a spokesman for the Kurdistan Regional
Government (KRG) said.
BOGOTA, June 14 (Reuters) - Union workers at Colombia's
Cerro Matoso nickel mine ditched plans to strike on Tuesday
after reaching a deal on pay increases and benefits, the company
and union said, averting potential disruption to output from one
of the world's largest producers of ferronickel.
BRASILIA, June 14 (Reuters) - Brazil's suspended President
Dilma Rousseff said on Tuesday that the country's interim
government has suspended her use of Air Force planes and will no
longer pay her hotel bills.
TOKYO, June 15 (Reuters) - Crude futures fell in early Asian
trade on Wednesday as mounting concerns about Britain's possible
exit from the European Union and a surprise build in U.S.
inventories left investors ignoring the IEA's declaration that
the oil market is now in balance.
MOSCOW, June 15 (Reuters) - Igor Sechin, head of Russia's
largest oil producer Rosneft and the country's most
influential energy executive, said in an interview that he
expects the fight for global energy market share to intensify.
CALGARY, Alberta, June 14 (Reuters) - The Fort McMurray
wildfire in northern Alberta that forced the evacuation of
90,000 residents and shut in more than a million barrels per day
of oil output was most likely caused by human activity, the
Royal Canadian Mounted Police (RCMP) said on Tuesday.
BRASILIA, June 14 (Reuters) - Brazil's congressional ethics
committee voted to strip suspended Speaker Eduardo Cunha of his
seat on Tuesday for allegedly lying about undeclared Swiss bank
accounts, the latest in a series of political earthquakes to
rock Latin America's largest country.
CALGARY, Alberta, June 14 (Reuters) - Suncor Energy Inc
has told employees the massive wildfire that struck
northern Alberta in May will cost the company nearly C$1 billion
($777.91 million), two sources at Canada's largest crude
producer said on Tuesday.
NEW YORK, June 14 (Reuters) - Green Plains Inc said
on Tuesday it plans to build and operate its first export-import
fuels terminal in Beaumont, Texas, the latest in a string of
expansion moves by the country's fourth-largest ethanol
producer.
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