Energy Update
LONDON, April 26 (Reuters) - British oil major BP on
Tuesday reported an 80 percent year on year fall in core
earnings for the first quarter, when oil prices touched a near
13-year low, but the result was better than analysts had
expected.
JAKARTA, April 26 (Reuters) - Most Southeast Asian stock
markets fell for a second day on Tuesday, led by Indonesia, as
cautious investors adopted a wait and watch approach ahead of
central bank meetings in the United States and Japan later this
week.
Indonesia's Jakarta Composite Index was down 1.5
percent to a near two-week low at 0538 GMT, led by financial
stocks, while poor earning expectations dragged large caps
lower.
LONDON, April 26 (Reuters) - As Russia was descending into
financial crisis, some of its most influential oil and stocks
traders gathered at the exclusive River Club in central Moscow
at the invitation of state lender Sberbank.
DUBAI, April 26 (Reuters) - Saudi Arabia's stock market may
extend gains on Tuesday after Deputy Crown Prince Mohammed bin
Salman announced an economic overhaul of the oil-dependent
kingdom, while investors in the Gulf will take cues from
quarterly results.
* Breaking down the barrel of oil: http://tmsnrt.rs/21bOZKa
SINGAPORE, April 26 (Reuters) - Crude oil futures rose early
on Tuesday, pushed up by a weaker dollar and a flood of new cash
into the market, but analysts warned that fundamentals remain
weak as a producer race for customers heats up in the Middle
East.
CALGARY, Alberta, April 25 (Reuters) - Oil and gas producer
Husky Energy reported a first-quarter loss on Monday
and said it has agreed to sell a partial interest in a package
of Canadian midstream energy assets to two Hong Kong-based firms
for C$1.7 billion ($1.34 billion) in cash.
State Oil Company of Azerbaijan (Socar) has awarded a front-end engineering design (FEED) contract to Amec Foster Wheeler to upgrade the Heydar Aliyev oil refinery (HAOR) located in Baku.
CALGARY, Alberta, April 25 (Reuters) - Husky Energy
said on Monday it will sell 65 percent ownership in select
midstream energy assets in Canada to Cheung Kong Infrastructure
Holdings Ltd and Power Asset Holdings Ltd
for C$1.7 billion ($1.34 billion).
CALGARY, Alberta, April 25 (Reuters) - Canadian regulators
on Monday recommended the federal government approve Enbridge
Inc's plan to replace one of its major crude oil export
pipelines, but also imposed 89 conditions on the project to
enhance safety and environmental protection.
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