Energy Update
AMSTERDAM, April 20 (Reuters) - Russia said a Dutch court's
ruling in the $50 billion Yukos arbitration dispute meant the
defunct oil giant's shareholders could no longer sue in national
courts around the world in order to seize Russian state assets
in compensation.
MOSCOW, April 20 (Reuters) - Venezuelan Oil Minister Eulogio
Del Pino warned on Wednesday that global oil stocks were nearly
full and the oil price could collapse if producers did not
resume talks about freezing output levels.
AMSTERDAM, April 20 (Reuters) - In a victory for Moscow, a
Dutch court on Wednesday overturned an order that Russia pay $50
billion to shareholders in defunct oil company Yukos, saying
that the Hague-based Permanent Court of Arbitration had no
jurisdiction.
JUBA, April 20 (Reuters) - Peace deal monitors in South
Sudan said an unexplained delay of a rebel leader's return to
the capital Juba to form a unity government with his rival
President Salva Kiir was endangering an agreement aimed at
ending more than two years of violence.
TOKYO, April 20 (Reuters) - Crude futures fell on Wednesday
after Kuwaiti oil workers ended a three-day strike that had cut
the nation's crude output by around half, with worries about an
oversupplied market returning to the fore.
April 20 (Reuters) - Houston schools will reopen on
Wednesday after heavy rains and flooding killed at least six
people and forced the cancellation of classes for two days in
the country's fourth most populous city.
LONDON, April 19 (Reuters) - Crude oil storage helped
commodity traders and refiners make strong profits last year and
in the first quarter of 2016 but now the price structure which
made it possible is evaporating.
BANGKOK, April 20 (Reuters) - Laos's National Assembly on
Wednesday appointed Communist Party chief Bounnhang Vorachit as
the country's new president and named foreign minister Thongloun
Sisoulith as prime minister.
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