Energy Update
NEW YORK/SAO PAULO, April 25 (Reuters) - Brazil's government
will ask legislators this week to ratify the Paris climate
agreement, the environment minister said late on Sunday, even as
President Dilma Rousseff faces possible impeachment and lacks
majority support in Congress.
April 25 (Reuters) - Contract driller Nabors Industries Ltd
posted a quarterly loss, compared with a year-earlier
profit, as oil producers used fewer rigs amid persistently low
crude prices.
TORONTO, April 25 (Reuters) - Moody's Investors Service
stripped Alberta of its Aaa credit rating on Monday, becoming
the latest ratings agency to downgrade the Canadian province
after the oil price shock pushed its finances deep into the red.
WASHINGTON, April 25 (Reuters) - The U.S. military conducted
"freedom of navigation" operations against 13 countries last
year, including several in dispute of China's claims in the
South and East China seas, according to an annual Pentagon
report released on Monday.
TORONTO, April 25 (Reuters) - Moody's Investors Service
stripped the Canadian province of Alberta of its Aaa credit
rating on Monday, citing its worsening fiscal position and
resulting rapid rise in debt.
OPEC counts 13 countries among its membership, but one of them has long reigned as a first among equals. Herman Wang reveals all.
Platts editors discuss the global sugar deficit that has supported world sugar prices and how Brazil's sugar production for 2016/17 is likely to increase.
KANANASKIS, Alberta, April 25 (Reuters) - Canada's approval
process for pipelines to export crude from the landlocked
province of Alberta to the coast could be shorter, Natural
Resources Minister Jim Carr said on Monday, in response to
pressure to help get the region's oil to market.
OTTAWA, April 25 (Reuters) - Canadian non-resource exports
should post healthy gains this year, the country's trade
financing agency said on Monday, a development the central bank
is counting on to help revive an economy hobbled by weak global
energy prices.
RIYADH, April 25 (Reuters) - The powerful young prince
overseeing Saudi Arabia's economy unveiled ambitious plans on
Monday aimed at ending the kingdom's "addiction" to oil and
transforming it into a global investment power.
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