Energy Update
SINGAPORE, April 27 (Reuters) - Crude oil futures rose half
a dollar in early Asian trading on Wednesday and remained near
2016 highs on the back of strong investor sentiment and a weak
dollar, although analysts warned this month's bull-run could
soon run out of steam.
SAN FRANCISCO, April 26 (Reuters) - Stanford University's
announcement on Monday that it will not rid its $22 billion
endowment of oil and gas companies has raised the ire of campus
climate activists, who said on Tuesday they will protest the
decision.
LONDON, April 27 (Reuters) - Britain should set a 2030
emissions target for the power industry to encourage investment
in new low-carbon power plants and keep the country on track for
its climate targets, a parliamentary committee said on
Wednesday.
State-owned oil company Abu Dhabi National Oil Company (ADNOC) has inaugurated the $10bn Al Hosn sour gas project located around 180km southwest of Abu Dhabi, UAE.
Baker Hughes has launched its LIFESHIELD non-phosphorous corrosion inhibition program for industrial cooling water systems.
PUNTO FIJO, Venezuela/Houston, April 26 (Reuters) -
V enezuela's key Paraguana oil refining complex was this week
operating around half capacity, prompting state-run oil company
PDVSA to launch purchase tenders for products as it tries to
offset power outages and equipment failures.
TORONTO, April 26 (Reuters) - Alberta should not introduce a
provincial sales tax at this time because it would further slow
activity in an economy battered by low oil prices, the
province's finance minister said on Tuesday.
HOUSTON, April 26 (Reuters) - U.S. gasoline futures rallied
to their highest since August on Tuesday and boosted refinery
margins after a flurry of Gulf Coast refinery unit outages,
buying from Venezuela and a reported drop in New York
inventories.
RIYADH, April 26 (Reuters) - Reforms promised by a young
Saudi prince are couched in references to the kingdom's Islamic
tradition but include ideas likely to upset some conservatives,
risking future ruptures over the direction of society.
CARACAS, April 26 (Reuters) - Venezuela has proposed that
non-OPEC oil producers attend the group's June meeting in Vienna
to continue "dialogue and coordination," according to a letter
from the South American country's oil minister to the Qatari
energy minister, who is also the current OPEC president.
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