Energy Update
SYDNEY, Dec 29 (Reuters) - It was feared more than 30,000 litres (7,925 gallons) of sulphuric acid had spilled after all 26 carriages of a freight train carrying the chemical derailed in remote northern Australia, authorities said on Tuesday.
This is the final iteration of The Oil Big Five for 2015, and we look at what could be big to watch for the winter as well as further into 2016.
* Brent crude prices near 11-year low as demand sags * WTI premium remains as U.S. lifts export ban, production stalls * But falling U.S. output not enough to end global oversupply (Re-leads, adds comment, updates prices) By Henning Gloystein SINGAPORE, Dec 29 (Reuters) - Crude oil prices remained under pressure on Tuesday as fears of slowing demand added to worries over near-record global production levels that have slashed prices by two-thirds since the middle of last year.
Dec 28 (Reuters) - Pep Boys-Manny Moe & Jack said its board determined activist investor Carl Icahn's latest buyout offer was superior to the deal it accepted from Bridgestone Corp, and the U.S.
* Brent crude prices near 11-year lows as demand sags * WTI premium remains as U.S. lifts export ban, production stalls * But falling U.S. output not enough to end global oversupply By Henning Gloystein SINGAPORE, Dec 29 (Reuters) - Crude oil futures came under renewed pressure early on Tuesday as fears of slowing demand added to near-record global production levels, which have already slashed prices by two-thirds since the middle of last year. Front-month U.S. West Texas In
Dec 28 (Reuters) - Activist investor Carl Icahn trumped Japanese tire maker Bridgestone Corp's latest offer for Pep Boys-Manny Moe & Jack by $1.50 per share, as the bidding war for the U.S.
HOUSTON, Dec 28 (Reuters) - A snowstorm dumped around two feet (60 cm) of snow in parts of the Permian Basin in West Texas and New Mexico over the weekend, crimping some crude output and leaving roads dangerous for trucks heading to and from oil wells, forecasters and companies said on Monday.
HONOLULU, Dec 28 (Reuters) - U.S. President Barack Obama was updated on Monday on the progress made by Iraqi security forces over Islamic State militants in Ramadi, the White House said.
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