Energy Update

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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.

* April industrial profits rise 4.2 pct y/y vs March's 11.1
pct

SINGAPORE, May 27 (Reuters) - Oil futures dipped further in
early Asian trade on Friday, finding resistance at the $50 a
barrel mark as investors worried higher prices could reactivate
shuttered crude output, adding to global oversupply.

* Some buyers say Arab Extra Light price uncompetitive vs
UAE oil

Whirlpool Corporation announced plans to build wind power turbines to help power its Marion and Ottawa plants in Ohio, a $13.5 million total investment that will build upon the company's 46 year commitment to advances in sustainable manufacturing.

BISSAU, May 26 (Reuters) - Guinea Bissau President Jose
Mario Vaz named Baciro Dja as prime minister late on Thursday,
according to a presidential decree, sparking protests from
political opponents who said the appointment was
unconstitutional.

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