Energy Update
The Japanese refining industry is set for a landslide change as it aims to balance domestic supplies, stabilize its core petroleum business at home, and once that’s settled, expand overseas.
LAUNCESTON, Australia, Dec 21 (Reuters) - - If 2015 was the year in which the growing oversupply of key commodities led to a rout in prices, will 2016 bring the point of capitulation, leading to consolidation and the start of recovery?
Dec 20 (Reuters) - Two men including an oil equipment supply firm executive have been arrested on charges related to an alleged scheme to corruptly secure energy contracts from Venezuela's state-owned energy company, the U.S.
SINGAPORE, Dec 21 (Reuters) - U.S. crude oil prices dipped in early Asian trading on Monday, heading towards last week's 2015 lows as a rebound in drilling activity, a strong dollar and brimming storage facilities weighed on prices.
NEW YORK, Dec 20 (Reuters) - U.S. gasoline prices dropped by 4 cents to $2.06 a gallon on average in the past two weeks to the lowest in more than six years, according to a Lundberg survey released on Sunday.
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