Energy Update
DUBAI, May 4 (Reuters) - Stock markets in the Gulf followed
international bourses lower early on Wednesday after oil prices
slipped again overnight and concern about lacklustre global
growth weighed on investors.
COPENHAGEN, May 4 (Reuters) - A.P. Moller-Maersk
returned to profit at its main container shipping
business in the first quarter, helped by cost cutting and a pick
up in volumes, it said on Wednesday.
HONG KONG, May 4 (Reuters) - Dalian Wanda Commercial
Properties, owned by China's richest man Wang Jianlin,
may seek a 'backdoor listing' on the Shanghai stock exchange if
it does not get regulatory approval to launch a planned initial
public offering there soon, according to two people with
knowledge of the matter.
SYDNEY, May 4 (Reuters) - Australian shares sank more than
1.5 percent on Wednesday with resources among the hardest hit,
as fears of further declines in metals prices and a court case
dragged on mining giant BHP Billiton Ltd, and in turn
on the index.
(Wed, 04 May 2016) Blends of petroleum-based gasoline with 10% ethanol, commonly referred to as E10, account for more than 95% of the fuel consumed in motor vehicles with gasoline engines. Ethanol-blended fuels are one pathway to compliance with elements of the federal renewable fuel standard (RFS). The total volume of ethanol blended into motor fuels used in the United States has continued to increase since 2010, albeit at a declining rate of growth.
MELBOURNE, May 4 (Reuters) - Rio Tinto's Energy
Resources of Australia said on Wednesday it plans to
sell uranium from a stockpile over the next four years to fund
the closure of its Ranger mine, while it tries to keep options
open to develop a new mine.
LONDON, May 3 (Reuters) - Hedge funds increased their net
long positions in Brent and WTI derivatives by 7 million barrels
to a record 663 million barrels in the week ending April 26.
CALGARY, Alberta, May 3 (Reuters) - The whole city of Fort
McMurray, Alberta, the gateway to Canada's oil sands region, is
under a mandatory evacuation order because of an uncontrolled
wildfire that is rapidly spreading, local authorities said on
Tuesday.
TORONTO, May 3 (Reuters) - Alberta is undertaking its
biggest ever evacuation with 29,000 people ordered to leave Fort
McMurray due to a forest fire that has engulfed one exit from
the city, the province's premier said on Tuesday.
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