Energy Update
PARIS, May 27 (Reuters) - French riot police removed
picketers and barricades blocking access to a large fuel
distribution depot as President Francois Hollande warned
anti-reform protesters on Friday that he would not let them
strangle the economy.
KHOBAR, Saudi Arabia, May 27 (Reuters) - Saudi Arabia's
state oil giant Aramco discovered new oil and gas fields last
year and the kingdom is committed to continue investing in its
energy sector to meet future demand, its new energy minister
said.
Russia’s oil major Rosneft has entered into an agreement with Indonesia’s state-owned Pertamina to construct a new oil refinery in the country.
May 27 (Reuters) - Global mining company Anglo American Plc
said it appointed Bruce Cleaver as chief executive of
its diamond mining unit De Beers Group, after previous CEO
Philippe Mellier decided to step down.
May 27 (Reuters) - Global mining company Anglo American Plc
said it appointed Bruce Cleaver as chief executive of
its unit, De Beers Group, after previous CEO Philippe Mellier
decided to step down.
ISE-SHIMA, Japan, May 27 (Reuters) - Prime Minister David
Cameron said on Friday that Britain must support the Libyan
government to help it to gain control over a country which in
its present state "is a danger to us all".
PRAGUE, May 27 (Reuters) - A Czech court has issued a
preliminary injuction taking away New World Resources' control
over its mining subsidiary OKD and handing it to a board of
creditors, OKD said.
Gold headed lower over the duration of the week started May 23. So, is the bull run over or just getting going? Attitude last week was certainly mixed.
(Fri, 27 May 2016) The U.S. average retail price for gasoline was $2.30 per gallon (gal) on May 23, 47 cents per gallon (cents/gal) lower than at the same time last year, and the lowest average price just before Memorial Day weekend (the start of the summer driving season) since 2009.
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