Energy Update
DUBAI, June 2 (Reuters) - Gulf stock markets were mixed
before an OPEC meeting later on Thursday to discuss coordinated
action among oil producers to support prices. Egypt's market
rose as a newly listed healthcare stock performed strongly.
JERUSALEM, June 2 (Reuters) - Israel's government on
Thursday approved the development of the controversial Leviathan
natural gas field that will give Israel a second source of gas
supply while potentially turning it into a gas exporter.
June 2 (Reuters) - Researchers in the United States and
Canada have located 39 unreported sources of major pollution
using a new satellite-based method, the U.S. National
Aeronautics and Space Administration said.
VIENNA, June 2 (Reuters) - OPEC refrained from changing its
oil output policy on Thursday, meaning the organisation failed
to agree a new production ceiling, an OPEC delegate told
Reuters.
TRIPOLI, June 2 (Reuters) - The bodies of at least 25
migrants who drowned trying to cross the Mediterranean have been
washed up near the western Libyan city of Zuwara, a Red Crescent
official said on Thursday.
NEW DELHI, June 2 (Reuters) - India's weather office on
Thursday stuck to its initial forecast for above average monsoon
rains in 2016, boosting hopes for a revival in farm output which
could translate into lower food prices and also lower interest
rates.
FRANKFURT, June 2 (Reuters) - German utility E.ON's
Uniper unit said on Thursday it has secured a 5
billion-euro ($5.6 billion) financing line from three big banks,
a move it says shows market confidence in its future after its
planned spin-off later this year.
June 2 (Reuters) - Mining equipment maker Joy Global Inc
reported a drop in revenue for the 13th straight quarter
and lowered its forecast for 2016 as customers cut spending amid
a slump in commodity prices.
MIDLAND, Texas/HOUSTON, June 2 (Reuters) - As crude prices
plummeted last summer, Steve Pruett, chief executive of a small
west Texas oilfield developer, idled a drilling rig, opting to
pay $21,000 a day to store it rather than dig more wells and
risk bigger losses.
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