Energy Update
With European ethanol experiencing a turbulent supply environment, we discuss the implications of plant closures and the upcoming trial-run of the UK's second largest plant on the market.
TORONTO, May 30 (Reuters) - Canada's main stock index edged
lower on Monday as energy stocks retreated ahead of a meeting of
oil producers later in the week, while mining stocks and
financials also fell in a low-volume session with U.S. markets
closed for Memorial Day.
ABUJA, May 30 (Reuters) - Nigeria's President Muhammadu
Buhari will on Thursday visit the Niger Delta region, rocked by
attacks on oil and gas facilities, for the first time since
taking office a year ago, a government official said on Monday.
BRASILIA, May 30 (Reuters) - Hundreds of employees of
Brazil's anti-corruption Ministry of Transparency marched to the
presidential palace on Monday to demand the removal of the
minister appointed 18 days ago by interim President Michel
Temer.
Spot prices of regionally-traded rebar in Asia held steady on May 30 for the third straight business day as trading was almost stagnant.
Spot prices of internationally-traded hot rolled coil in Asia eased May 30, though several Chinese mills were said to have withdrawn offers.
RIO DE JANEIRO, May 30 (Reuters) - Aldemir Bendine, chief
executive officer of Brazil's state-led oil company Petroleo
Brasileiro SA, offered his resignation on Monday and
is set to be replaced by Pedro Parente, a source with direct
knowledge of the situation told Reuters.
PARIS, May 30 (Reuters) - Air France pilots voted on Monday to go on strike and oil storage workers extended a job walkout, compounding the French government's woes as it scrambled to calm rolling protests against labour reforms ahead of the Euro soccer tournament.
BENGHAZI, Libya, May 30 (Reuters) - A force that controls
key oil terminals in eastern Libya said it had captured the town
of Ben Jawad from Islamic State militants on Monday east of
their stronghold of Sirte.
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