Energy Update
LONDON, June 8 (Reuters) - Cheaper gasoline prices are
spurring significant changes in driving behaviour which are in
turn propelling a phenomenal increase in motor fuel consumption
in the United States.
SINGAPORE, June 9 (Reuters) - Oil prices remained near 2016
highs in early trading on Thursday, buoyed by a fall in U.S.
crude inventories, a weaker dollar and strong demand, but some
analysts warned that the recent rally was starting to look
overblown.
Saipem has been awarded new drilling contracts and extensions to existing contracts in Portugal, Norway, Morocco, Saudi Arabia, Kazakhstan and Latin America, with a cumulative value of approximately Euro 150 million.
Following numerous Russia-Asia economic events this spring, our editors assess the prospects of oil and gas cooperation with investors from several Asian countries.
QUITO, June 8 (Reuters) - Ecuadorean President Rafael Correa
predicted on Wednesday that the global oil price would hover
around $50 a barrel for the rest of 2016, though he said that
would not be enough to relieve the financial strain on the
smallest OPEC nation.
OKLAHOMA CITY, June 8 (Reuters) - The fiery crash that
killed U.S. oilman Aubrey McClendon in March after his car hit a
wall was an accident, Oklahoma's medical examiner said on
Wednesday, echoing a police inquiry's findings a day earlier
that there was no evidence of suicide.
CALGARY, Alberta, June 8 (Reuters) - Oil sands producers
Canadian Natural Resources Limited and Cenovus Energy
shut projects and evacuated workers at Pelican Lake
projects in northern Alberta as wildfires again threaten western
Canadian output just as production begins to recover.
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