Energy Update
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prices of internationally-traded hot rolled coil in Asia eased May 30, though several Chinese mills were said to have withdrawn offers.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.
DUBAI, May 30 (Reuters) - Saudi Basic Industries Corp
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.
DUBAI, May 30 (Reuters) - Saudi Basic Industries Corp
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.
TORONTO, May 30 (Reuters) - Canada's main stock index edged
lower on Monday as oil seesawed and gold fell to a 3-1/2-month
low, while financials firmed ahead of a potential increase in
U.S. interest rates this summer.
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