Energy Update
NEW YORK/HOUSTON May 11 (Reuters) - U.S. Midwest refiners
are rushing to secure alternatives for crude supply as they
worry about prolonged outages after a raging wildfire in Canada
shut nearly half of production capacity from the vast oil sands.
WILMINGTON, Del., May 11 (Reuters) - When energy prices
began to plummet nearly two years ago, oil companies with
billions of dollars in debt followed a well-worn path to the
busiest U.S. Bankruptcy Court for large Chapter 11 cases, in
Wilmington, Delaware.
May 11 (Reuters) - Oil and gas producer Linn Energy LLC
and its units, Berry Petroleum Co LLC and Linn Co, have
filed for restructuring under Chapter 11 of the U.S. Bankruptcy
Code.
HOUSTON, May 11 (Reuters) - Pension fund chiefs from
California and New York City urged Exxon Mobil
shareholders on Wednesday to back a measure that would force the
company to finely detail how its business will be impacted as
governments move to tackle climate change.
Australian wheat export activity was mostly centered on India, from where there continued to be buying inquiries, traders reported May 11. At least three cargoes of Indian-spec APW were concluded in the week from April 28 to May 5, Platts market data shows, typically between $223-$227/mt FOB.
CALGARY, Alberta, May 11 (Reuters) - Workers for one of the
largest oil sands companies affected by a massive wildfire in
northern Canada will begin returning to the shuttered facilities
on Thursday, a union official said on Wednesday, offering the
latest indication that the key petroleum production area was
slowly coming back online.
The domestic situation: EU sugar prices rose in April. In the deficit regions in the South prices hit Eur615/mt, up from Eur595/mt at the start of the month.
In the Western EU prices peaked in mid-month at Eur575/mt from Eur560/mt at the beginning of the month, and fell back to Eur560/mt at the end of April.
NEW YORK, May 11 (Reuters) - U.S. crude stockpiles fell
unexpectedly last week for the first time since March as imports
slipped, U.S. government data showed on Wednesday.
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