Energy Update
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.
WASHINGTON, April 14 (Reuters) - The Obama administration on
Thursday unveiled new oil well control rules to prevent the kind
of blowout that happened six years ago on a BP Plc rig in
the Gulf of Mexico.
WASHINGTON, April 14 (Reuters) - The Obama administration on
Thursday unveiled new oil well control rules to prevent the kind
of blowout that happened six years ago on a BP Plc rig in
the Gulf of Mexico.
BARCELONA, April 14 (Thomson Reuters Foundation) - The World
Bank and other major development banks are investing far too
little in getting electric power to poor people around the
globe, and should allocate at least half their energy budgets to
such projects, environmental groups said on Thursday.
WASHINGTON, April 14 (Reuters) - China has agreed to scrap
export subsidies on a range of products from metals to
agriculture and textiles, the United States said on Thursday, in
a step by Beijing to reduce trade frictions with Washington.
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