Energy Update
Following The EU's decision to invalidate a country-wide antidumping duty for ethanol imports from the US, we discuss what the ruling, how the markets are reacting, and what could happen in the near future.
CALGARY, Alberta, June 10 (Reuters) - Canadian cash crude
differentials remained steady on Friday as market players
questioned how fast crude volumes would come back online after
wildfires slashed production in northern Alberta's oil sands
region.
(Adds natural gas prices, background)
June 10 (Reuters) - U.S. natural gas speculators boosted
their net longs for a second 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 48,893 contracts to 54,390 in the week to
June 10 (Reuters) - U.S. natural gas speculators boosted
their net longs for a second 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 48,893 contracts to 54,390 in the week to
RIO DE JANEIRO, June 10 (Reuters) - Brazil's main oilworkers
unions on Friday held a 24-hour strike as part of nationwide
protests against the government of interim-President Michel
Temer, attacking his oil policies and seeking the return of
suspended President Dilma Rousseff.
WASHINGTON, June 10 (Reuters) - The Republican-controlled
U.S. House of Representatives voted largely along party lines on
Friday to reject any new taxes on carbon emissions and oil
production.
BRASILIA, June 10 (Reuters) - Brazil's Dilma Rousseff said
she would call a referendum on holding early elections if she is
reinstated as president, an offer analysts saw as a bid to sway
undecided senators to help clear her in an impeachment trial.
NEW YORK, June 10 (Reuters) - After a weak start in 2016,
investors are rediscovering shares of biofuels companies that
make ethanol, a grain alcohol that can be used as fuel.
Desmond Wong on Europe having seen a slow down in deliveries of Qatari LNG, with increased volumes heading into the Middle East and South Asia.
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