Energy Update
Dec 21 (Reuters) - U.S. authorities have traced over $1 billion to a conspiracy involving a Venezuelan magnate who allegedly paid bribes to obtain contracts from Venezuelan state oil company PDVSA, according to U.S. court papers made public on Monday.
(Tue, 22 Dec 2015) The report provides information, illustrations, and State-level statistical data on energy-use sales of kerosene, distillate fuel oil, and residual fuel oil.
SYDNEY, Dec 22 (Reuters) - Australia slashed its price forecast for the country's No.
SYDNEY, Dec 22 (Reuters) - Australia has cut its 2016 iron ore price forecast to $40.40 a tonne from $50 previously, citing rising supplies as global steel production contracts. "Increasing supply from Australia and Brazil is forecast to drive seaborne iron ore spot prices down in 2015 and 2016," Australia's Department of Industry, Innovation and Science said. (Reporting by James Regan; Editing by Ed Davies)
SYDNEY/WELLINGTON, Dec 22 (Reuters) - Australian shares, which have risen the past four days, were up again early Tuesday, helped by gains in energy and industrials, while New Zealand stocks also advanced.
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