Energy Update
DUQM, Oman, April 19 (Reuters) - On a stretch of barren
coast 550 km (345 miles) south of the capital Muscat, workers at
a ship repair yard swarm over cargo vessels from around the
world, labour that will help to determine Oman's fate in an era
of cheap oil.
MOSCOW, April 19 (Reuters) - Russian President Vladimir
Putin discussed the results of the Doha meeting of oil producing
nations with the Emir of Qatar, Sheikh Tamim bin Hamad al-Thani
on Tuesday, the Kremlin said.
DHAKA, April 19 (Reuters) - Eastern Refinery Ltd (ERL),
which supplies around 40 percent of Bangladesh's fuel needs,
said it plans to more than triple its oil-processing capacity
with a 3.5 million tonne-a-year unit to help meet rising
domestic demand.
DUBAI, April 19 (Reuters) - Iran's crude oil production will
reach pre-sanctions levels within two months, a deputy oil
minister was quoted as saying on Tuesday, reaffirming Tehran's
commitment to boosting production.
LOS ANGELES, April 18 (Reuters) - Hundreds of Los Angeles
homeowners who live near the site of the worst U.S. methane leak
have filed claims against state regulators and the governor,
seeking $3.5 million each in damages for government failures
they blame for the gas blowout.
SYDNEY/WELLINGTON, April 19 (Reuters) - Australian shares
climbed to a 3-1/2-month high on Tuesday, while New Zealand
stocks reached another record after a sudden reversal higher in
oil prices whetted appetite for risk assets from equities to
commodity currencies.
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