Energy Update
There is widespread agreement that the global sugar market will experience a structural deficit for a second successive season for the upcoming 2016-17 campaign.
BOGOTA, June 1 (Reuters) - Colombia will need about $7
billion in annual investment over the next 10 years to bolster
oil exploration and avoid a drastic drop in output that would
lead the Andean nation to import crude by 2022, the head of the
oil industry's union said on Wednesday.
OSLO, June 1 (Reuters) - Norwegian investigators looking
into the cause of a fatal North Sea helicopter crash have sent a
recommendation to European air safety authorities about a
possible safety issue with the model's gearbox, they said on
Wednesday.
CARACAS, June 1 (Reuters) - Venezuelan President Nicolas
Maduro's socialist government said on Wednesday a move by the
head of the Organization of American States (OAS) to censure the
country for breaching democratic norms is an "imperialist"
scheme to take the OPEC member's oil.
FORT MCMURRAY, Alberta, June 1 (Reuters) - Evacuees who fled
a massive wildfire that hit Fort McMurray trickle back to their
homes on Wednesday, facing a massive cleanup and uncertainty
over their safety as the devastated Canadian oil city begins to
rebuild.
LONDON, June 1 (Reuters) - Hikma Pharmaceuticals
will be promoted to Britain's blue chip FTSE 100 equity
index following a sharp rally in its shares since March, while
satellite firm Inmarsat will drop out of the index.
Get involved in the 5th annual Platts Global Metals Awards. Sponsorships are available now and nominations will open in December 2016. Check out our website for more information.
PARIS, June 1 (Reuters) - France's CGT union workers voted
on Wednesday to start rolling strikes in the power sector,
including at all 19 nuclear power plants, as part of nationwide
protests aimed at forcing the government to withdraw a disputed
planned labour reform.
MILAN, June 1 (Reuters) - Italy's biggest bank by assets
UniCredit has chosen head hunter Egon Zehnder to help it select
a new chief executive, it said in a brief statement on Wednesday
without giving further details.
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