Energy Update
BRISBANE, June 6 (Reuters) - It should be a golden age for
Australia's liquefied natural gas (LNG) producers as they sit on
the cusp of becoming the world's largest supplier of the fuel
that holds the largest growth potential among its fossil rivals.
XALAPA, Mexico, June 6 (Reuters) - Mexico's ruling party
lost several bastions in Sunday's regional elections, dealing a
heavy blow to President Enrique Pena Nieto for failing to crack
down on corruption and gang violence.
Now that the breaking news is winding down, Capitol Crude analyzes what the June 2 OPEC meeting means for the global oil market, US policymakers and US
crude producers.
WASHINGTON, June 6 (Reuters) - More than 450 groups on
Monday called on Congress to reject the Trans-Pacific
Partnership (TPP) if it comes up for a vote this fall, saying
the trade deal would allow fossil fuel companies to contest U.S.
environmental rules in extrajudicial tribunals.
HOUSTON, June 5 (Reuters) - The rows of traders who line the
massive trading floor at Mercuria Energy Group's Houston
headquarters rely on a string of modern conveniences to execute
deals across the globe. But when they're under the gun to
deliver oil fast, they call one person: Tim Holan.
MOSCOW, June 6 (Reuters) - Russian mid-sized oil producer
Russneft, majority owned by businessman Mikhail Gutseriyev,
plans to sell new shares on the Moscow stock exchange in the
fourth quarter, a company spokesman said on Monday.
KAMPALA, June 6 (Reuters) - Uganda's economy will grow by
5.9 percent in the 2016/2017 (July-June) fiscal year, up almost
a percentage point from the levels estimated for the previous 12
months thanks to spending on large infrastructure projects, the
World Bank said.
LONDON, June 6 (Reuters) - UK shares opened in positive
territory on Monday, led by a rise in commodity-related stocks
which tracked metals prices higher, though housebuilders fell on
concerns surrounding Britain's June 23 referendum on its
membership of the European Union.
XALAPA, Mexico, June 6 (Reuters) - Mexico's ruling party
looked set to lose control of several bastions in Sunday's
regional elections, dealing a heavy blow to President Enrique
Pena Nieto for failing to crack down on corruption and gang
violence.
NEW DELHI, June 6 (Reuters) - Energy-hungry India is ready
to revive projects including the Nagarjuna Oil Refinery in the
south of the country to boost its oil sector, oil minister
Dharmendra Pradhan told a local television channel on Monday.
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