Energy Update
MELBOURNE, June 6 (Reuters) - Australian contractor UGL Ltd
warned on Monday it may have to book a provision of up
to A$200 million ($146 million) for losses on its work for the
Ichthys liquefied natural gas (LNG) project, knocking its shares
down 35 percent.
SYDNEY, June 6 (Reuters) - A weekend of wild weather in
Australia disrupted everything from the internet to shipping and
banking, while pummeling coastal towns and exposing insurance
companies to hefty payouts.
SINGAPORE, June 6 (Reuters) - Oil prices edged up in early
trading on Monday as a plunge in the U.S.-dollar was seen
spurring fuel demand, although traders said plentiful supplies
capped increases.
UPDATE 1-Nigeria's Buhari to take 10-day holiday and see London doctor over ear infection -statement
ABUJA, June 5 (Reuters) - Nigerian President Muhammadu
Buhari is to take a 10-day holiday during which he will travel
to London and see a doctor regarding a persistent ear infection,
his spokesman said on Sunday.
ABUJA, June 5 (Reuters) - Nigerian President Muhammadu
Buhari is to take a 10-day holiday during which he will travel
to London and see a doctor regarding a persistent ear infection,
his spokesman said on Sunday.
PARIS, June 5 (Reuters) - Weeks of strikes in France over
planned labour reforms have not had a substantial impact on the
economy but could hurt its tepid recovery if they continue and
grow, Finance Minister Michel Sapin said in an interview.
XALAPA, Mexico, June 5 (Reuters) - Mexican regional
elections on Sunday pose a major test for the ruling partys
hopes of retaining the presidency in 2018 as discontent over
corruption and impunity fuels support for the anti-establishment
message of a resurgent leftist firebrand.
DUBAI, June 5 (Reuters) - Saudi Arabia's stock market fell
on Sunday the details of the kingdom's economic reforms are
announced, but telecommunications operator Zain Saudi soared in
response to a loan refinancing. Other regional markets were
mixed.
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.
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