Energy Update
SYDNEY/WELLINGTON, May 30 (Reuters) - Australian shares held
near nine-month peaks on Monday, as a rebound in oil prices
offset weakness in the mining sector, while New Zealand stocks
scaled a record high, putting both indices on track for a 3
percent monthly gain.
TORONTO, May 29 (Reuters) - Suncor Energy Inc's
facilities north of Fort McMurray, Alberta, are expected to
partially restart by the end of the week, the company said on
Sunday, the latest sign Canadian oil sands producers are coming
back online after a massive wildfire.
DUBAI, May 29 (Reuters) - Shares in Kuwaiti companies linked
with the al-Kharafi family tumbled on Sunday after the
multi-billion-dollar sale of another Kharafi-controlled business
was scrapped, while other markets were mixed in thin trade.
DUBAI, May 29 (Reuters) - Kuwait National Petroleum Company
(KNPC) is in final stages of talks with international
institutions for $6.4 billion in the second tranche of loans to
finance its multi-billion dollar Clean Fuels project, state news
agency KUNA reported on Sunday.
MOSCOW, May 29 (Reuters) - Russian Energy Minister Alexander
Novak believes that it is too early to write off OPEC despite
internal differences within the group, he said on the ministry's
Twitter feed, days before the organisation meets to discuss its
production policy.
ABUJA, May 29 (Reuters) - Nigeria's government will continue
a crack down on militants attacking oil pipelines in the Delta
but also talk to leaders in the region to address their
grievances, President Muhammadu Buhari said on Sunday.
PARIS, May 29 (Reuters) - French Prime Minister Manuel Valls
is determined not to join a long list of politicians who have
conceded defeat to protesters, he told the Journal Du Dimanche
(JDD) newspaper, as the government prepares to dig in its heels
on labour reform.
DUBAI, May 29 (Reuters) - Moderate conservative Ali Larijani
was re-elected on Sunday as the temporary speaker of Iran's new
parliament which is dominated by first-term deputies.
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