Energy Update
BRASILIA, June 10 (Reuters) - Brazil's suspended President
Dilma Rousseff is calling for a referendum on whether to hold
early elections if she survives removal from office in an
impeachment trial that is expected to conclude in August.
MOSCOW, June 10 (Reuters) - The Russian central bank assumes
an average oil price of $38 per barrel in its base scenario for
2016, the bank's Governor Elvira Nabiullina said on Friday,
adding that the forecast was conservative.
MOSCOW, June 10 (Reuters) - The Russian central bank is
unlikely to start buying foreign currency on the market to
replenish its foreign exchange reserves before the end of 2018,
the bank's Governor Elvira Nabiullina said on Friday.
MOSCOW, June 10 (Reuters) - The Russian central bank does
not rule out that oil prices will fall again and envisages a
level of $25 per barrel in its "risk" scenario, the bank's
Governor Elvira Nabiullina said on Friday.
MOSCOW, June 10 (Reuters) - The decision by Russia's central
bank to cut rates by 50 basis points on Friday cannot be called
the start of an easing cycle, the bank's governor, Elvira
Nabiullina, told a news conference.
MOSCOW, June 10 (Reuters) - The Russian central bank is
considering raising reserve requirements on rouble deposits, the
bank's Governor Elvira Nabiullina said on Friday.
Alumina prices in China have been on the rise since February--a complete reversal from last year when prices were crashing. Where could prices be headed in H2?
YENAGOA, Nigeria June 10 (Reuters) - An explosion rocked a
pipeline operated by a subsidiary of Nigeria's state oil company
in the West African country's restive Delta region late on
Thursday, a security official and a community leader both said
on Friday.
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