Energy Update
(Tue, 14 Jun 2016) India was the third largest global energy consumer behind China and the United States in 2013. Despite having notable fossil fuel resources, India has become increasingly dependent on energy imports to meet its growing demand. As India?s population grows and its economy develops, the country will require more access to energy infrastructure, electricity, and fuel supply from various sources.
TOKYO, June 14 (Reuters) - Crude oil futures fell in Asian
trade on Tuesday, as investors ignored signs of market tightness
to focus on concerns over global growth and overnight declines
in stocks on the impending vote on Britain's possible European
Union exit.
BRASILIA, June 13 (Reuters) - The Supreme Court decided on
Monday to return a corruption investigation into former
Brazilian President Luiz Inacio Lula da Silva to a crusading
anti-corruption judge who is presiding over cases in the
sprawling Petrobras graft scandal.
CHICAGO, June 13 (Reuters) - CME Group on Monday
banned a former Delta Air Lines fuel trading executive
for using his wife's accounts to "front-run" the airline's
hedging positions - trades that netted him a profit of more than
$3 million.
TOKYO, June 14 (Reuters) - Crude oil futures fell in early
Asian trade on Tuesday, as investors ignored signs of market
tightness to focus on concerns over global growth and overnight
declines in stocks on the impending vote on Britain's possible
European Union exit.
BRASILIA, June 13 (Reuters) - Brazilian iron ore miner Vale
SA said on Monday that a 20 billion reais ($5.7
billion) civil lawsuit seeking environmental and property
damages for last year's deadly Samarco mine disaster has been
dismissed.
ABB commissioned an integrated solar-diesel microgrid installation at its 96,000 square meter Longmeadow facility in Johannesburg, South Africa.
BRASILIA, June 13 (Reuters) - Brazilian iron ore miner Vale
SA said on Monday that a 20 billion reais ($5.7
billion) civil suit over last year's Samarco mine disaster has
been dismissed, the company said in a securities filing.
CHICAGO, June 13 (Reuters) - CME Group on Monday
banned a former Delta Air Lines fuel executive for using
accounts owned by his wife to front-run trades subsequently
entered in an account controlled by the carrier and for breaking
other exchange rules.
June 13 (Reuters) - U.S. shale oil output is expected to
fall in July for the seventh consecutive month, according to a
U.S. government forecast on Monday, despite a recent rally in
crude prices to an 11-month high over $51 a barrel.
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