Energy Update
* Iran March crude imports up 81 pct y/y -customs
* Jan-March oil imports from Iran up 111 pct y/y
* Total crude imports in March 11.52 mln T, up 3.7 pct y/y
LONDON, April 14 (Reuters) - The structure of Brent futures
prices shows most market participants believe the oil market
will begin to rebalance in the second half of 2016 and through
2017.
CARACAS, April 14 (Reuters) - President Nicolas Maduro said
on Thursday punitive electricity rationing would be imposed on
15 shopping malls and drought-hit Venezuela's time zone would
also be modified to save power.
PERTH, April 14 (Reuters) - The world's top producers of
liquefied natural gas (LNG) are investing in ship-fuelling
operations, floating import terminals and power plants to open
new markets and keep from drowning in a fuel surplus expected to
last into the next decade.
WASHINGTON, April 14 (Reuters) - U.S. President Barack Obama
and Defense Secretary Ash Carter will talk next week with
leaders in Saudi Arabia and other Gulf countries about the fight
against Islamic State militants and other defense issues, a
White House official said on Thursday.
The stagnation pervading Central Asia’s oil industry could be alleviated by a couple of big announcements in the coming months, on the Kashagan and Tengiz fields.
MEXICO CITY, April 14 (Reuters) - Mexican conglomerate Alfa
on Thursday reported a first-quarter profit, bolstered by its
auto parts subsidiary and improved margins for its petrochemical
products, as well as consolidation of its telecoms company
Axtel.
CALGARY, Alberta, April 14 (Reuters) - The Canadian
crude-producing province of Alberta said on Thursday it will
post a C$10.4 billion ($8.10 billion) budget deficit this fiscal
year and warned that a surplus might not return until 2024 as
the oil price slump batters its economy.
WASHINGTON, April 14 (Reuters) - The U.S. Senate Agriculture
Committee on Thursday approved a reauthorization of the
Commodity Futures Trading Commission, nearly three years after
the legislative authority for the country's commodities and
swaps regulator expired.
WASHINGTON, April 14 (Reuters) - U.S. President Barack Obama
will talk next week with leaders in Saudi Arabia and other
countries in the Gulf about recent agreements on
counterterrorism and streamlining the transfer of defense
capabilities to U.S. partners in the region, a White House
official said on Thursday.
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