Energy Update
SANTIAGO, June 3 (Reuters) - Chile's SMA environmental
regulator said on Friday it was investigating Latin
America-focused oil and gas explorer GeoPark Ltd for
alleged violations, including fracking activities without having
the necessary permits.
(New throughout, adds price background)
June 3 (Reuters) - U.S. natural gas speculators switched to
net long positions this week, betting prices will rise as
production eases and demand picks up to absorb the record-high
amount of fuel left in inventories after a mild winter.
Speculators in four major NYMEX and ICE markets added 10,192
contracts, changing their bets from a bearish 4,695 net shorts
June 3 (Reuters) - U.S. natural gas speculators switched to
net long after last week switching to net short, betting prices
will rise as production eases and demand picks up to absorb the
record-high amount of fuel left in inventories after a mild
winter.
Speculators in four major NYMEX and ICE markets added 10,192
contracts, changing their bets from a bearish 4,695 net shorts
in the week to May 24 to a bullish 5,497 net longs in the week
Colin Richardson on how the UK steel industry was nationalized and denationalized twice in the second half of the twentieth century as governments grappled with the weakening economics of the cyclical industry.
BRUSSELS, June 3 (Reuters) - International diamond producers
on Friday unveiled a new marketing slogan "Real is Rare" to
reach out to a younger generation of buyers, although major
producer De Beers says diamonds will always be forever.
(Adds state and basin data)
June 3 (Reuters) - U.S. energy firms this week added rigs
drilling for oil for the second time this year, energy services
company Baker Hughes Inc said on Friday, after crude
prices briefly tested a seven-month high over $50 a barrel over
the past two weeks.
That was a key price level that analysts and producers had
said would likely trigger a return to the well pad.
June 3 (Reuters) - Oil prices tumbled more than 1 percent,
extending losses on Friday after a report that U.S. energy firms
in the latest week added rigs drilling for oil for only the
second time this year, data from showed on Friday.
June 3 (Reuters) - U.S. energy firms this week added rigs
drilling for oil for the second time this year, energy services
company Baker Hughes Inc said on Friday, after crude
prices briefly tested a seven-month high over $50 a barrel over
the past two weeks.
That is a key price level that analysts and producers have
said would likely trigger a return to the well pad.
Drillers added 9 oil rigs in the week to June 3, bringing
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