Energy Update
April 14 (Reuters) - Bank of America Corp, the No. 2
U.S. bank by assets, reported an 18 percent slide in quarterly
profit on Thursday as its trading business was hit by concerns
about a global economic slowdown and uncertainty about U.S.
interest rates.
April 14 (Reuters) - SunEdison Inc said an
independent audit committee had identified several issues in the
company's cash accounting practices but found no "material
misstatements" in its historical financial statements.
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.
DHAKA, April 14 (Thomson Reuters Foundation) - The
government of Bangladesh has indicated it is unlikely to abandon
its push to build more coal-fired power plants despite growing
opposition among local people and environmentalists.
JAKARTA, April 14 (Reuters) - Indonesia will investigate
palm oil companies that are signatories to the Indonesian Palm
Oil Pledge (IPOP) for potential anti-competitive practices, the
country's anti-monopoly agency (KPPU) said.
April 14 (Reuters) - SunEdison Inc said an audit
committee and independent board members had identified several
issues in the company's cash forecasting and liquidity
management practices.
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.
April 14(Reuters) - Bank of America Corp, the No. 2
U.S. bank by assets, reported an 18 percent slide in quarterly
profit as concerns about a global economic slowdown and
uncertainty about the pace of U.S. interest rate increases
dampened bond and stock trading.
LONDON, April 14 (Reuters) - A deal to freeze oil production
by OPEC and non-OPEC producers will have a limited impact on
global supply and markets are unlikely to rebalance before 2017,
the International Energy Agency (IEA) said on Thursday.
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