Energy Update
CALGARY, Alberta, April 22 (Reuters) - The Canadian province
of Quebec suspended its request for an injunction against
TransCanada Corp's Energy East pipeline on Friday after
the company agreed to undergo a provincial environmental
assessment.
TORONTO, April 22 (Reuters) - Canada's main stock index
edged lower on Friday, slightly reducing this week's gains as
gold stocks dragged, while higher oil prices supported energy
stocks.
HOUSTON, April 22 (Reuters) - Harold Hamm, chief executive
of shale oil producer Continental Resources Inc and Mitt
Romney's 2012 energy adviser, endorsed U.S. presidential
candidate Donald Trump on Friday, saying he has the "fortitude
to make tough decisions."
April 22 (Reuters) - U.S. natural gas speculators boosted
their net long positions on a bet that prices will rise in
future months as an easing in production and pick-up in demand
combine to absorb the record high amount of fuel left in
inventories after a warm winter.
MEXICO CITY, April 22 (Reuters) - Mexichem has declared
force majeure on one internal contract in the wake of a blast at
a petrochemical plant that killed at least 24 people, the
company's Chief Executive Officer Antonio Carrillo said in an
interview on Friday.
April 22 (Reuters) - U.S. natural gas speculators boosted
their net long positions as they bet prices will rise in future
months as production eases and demand picks up, absorbing the
record high amount of fuel left in inventories after a warm
winter.
MOSCOW, April 22 (Reuters) - Rosneft, Russia's
biggest oil producer, said on Friday its board had recommended
paying a dividend of 11.75 roubles per share on its profits
last year, up from the 8.21 roubles paid for 2014.
Solar Impulse 2 (Si2) pilot Bertrand Piccard spoke to Facebook fans on Earth Day during his flight from Hawaii to California.
April 22 (Reuters) - The five U.S. regional banks most
exposed to the energy sector set aside millions of dollars more
in the first quarter to cover potential losses from bad loans
to the struggling oil industry.
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