Energy Update
DUBAI, May 2 (Reuters) - Stock markets in the Gulf fell on
Monday after oil prices pulled back and Dubai blue chip Emaar
Properties dropped following the release of its first-quarter
earnings.
KARACHI, May 2 (Reuters) - Pakistani stocks ended lower on
Monday with oil shares falling as global oil prices eased
slightly and on profit-booking in banks, dealers said.
NEW YORK, May 2 (Reuters) - An energy market rout has
ravaged fortunes from Texas to North Dakota and hit thousands of
small investors, but some tycoons are still coining it in thanks
to a piece of financial engineering that has tilted the playing
field in their favor.
May 2 (Reuters) - Magnum Hunter Resources Corp and its
founder Gary Evans are emblematic for the U.S. shale revolution:
it started small, borrowed heavily to snap up land and rivals
and then crumbled under the weight of debt when prices crashed.
May 2 (Reuters) - Rig contractor Diamond Offshore Drilling
Inc reported a first-quarter profit, compared with a loss
a year earlier, as its ongoing cost-cutting measures pay off.
WASHINGTON - Front-runner Donald Trump says he will have
essentially sealed the Republican U.S. presidential nomination
if he wins Tuesday's contest in Indiana, where he holds a big
lead over chief rival Ted Cruz. (USA-ELECTION/ (UPDATE 2, PIX,
GRAPHIC, TV), moved, by Steve Holland and Valerie Volcovici, 780
words)
WASHINGTON, May 2 (Reuters) - U.S. Democratic presidential
front-runner Hillary Clinton begins a two-day tour on Monday
through rural, traditionally coal-reliant parts of the eastern
Appalachian region where Republican rival Donald Trump's
pro-coal, anti-trade message has resonated with economically
distressed voters.
JOHANNESBURG, May 2 (Reuters) - The retail price of petrol
in South Africa will increase by nearly 1 percent from May 4,
while the price of wholesale diesel will largely remain steady,
the energy department said on Monday.
(Adds detail, context)
MOSCOW, May 2 (Reuters) - Russian oil output fell slightly
to 10.84 million barrels per day (bpd) in April, Energy Ministry
data showed on Monday, as production declined at large energy
firms Lukoil, Gazprom Neft and Gazprom
.
Two sources close to the ministry had told Reuters that
production would edge down in April because of seasonal
maintenance at oilfields and refineries.
WASHINGTON - Front-runner Donald Trump says he will have
essentially sealed the Republican U.S. presidential nomination
if he wins Tuesday's contest in Indiana, where he holds a big
lead over chief rival Ted Cruz. (USA-ELECTION/ (UPDATE 2, PIX,
GRAPHIC, TV), moved, by Steve Holland and Valerie Volcovici, 780
words)
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