Energy Update
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.
(Adds natural gas rigs)
April 22 (Reuters) - U.S. energy firms cut oil rigs for a
fifth week in a row to the lowest level since November 2009, oil
services company Baker Hughes Inc said Friday, as energy
firms continue to slash spending despite a bigger than 60
percent spike in futures since hitting a near 13-year low in
February.
Drillers cut eight oil rigs in the week to April 22,
April 22 (Reuters) - U.S. energy firms cut oil rigs for a
fifth week in a row to the lowest level since November 2009, oil
services company Baker Hughes Inc said Friday, as energy
firms continue to slash spending despite a bigger than 60
percent spike in futures since hitting a near 13-year low in
February.
Drillers cut eight oil rigs in the week to April 22,
bringing the total rig count down to 343 Baker Hughes said in
WASHINGTON, April 22 (Reuters) - The United States will buy
heavy water from Iran's nuclear program, and expects it to be
delivered within weeks, U.S. officials said on Friday, a move
that was quickly criticized by Republican lawmakers.
Centered on the strength in the domestic Chinese market, steel mills are forcing up prices around the world. The Meltdown boys trying to figure out why and for how long this price rally will continue.
More than 170 countries are marking #EarthDay2016 by following through on their expressed intentions to sign the text of the Paris Agreement adopted by 196 countries in December.
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