Energy Update
MILAN/LONDON, Oct 29 (Reuters) - European shares fell on Thursday, with banking shares leading the way after disappointing updates from Deutsche Bank and Barclays, while investors assessed the negative impact of a U.S. rate hike by year-end.
Oct 29 (Reuters) - U.S. oil producer Marathon Oil Corp on Thursday said it is slashing its quarterly dividend 76 percent and further reducing capital expenditures to preserve cash on hand as it tries to withstand a prolonged crude price slump.
(Adds storage report, latest prices) Oct 29 (Reuters) - U.S. natural gas futures climbed higher on Thursday, despite a smaller-than-expected storage build, on forecasts for cooler but still well-above-normal temperatures over the next two weeks that is expected to boost heating demand. On its first day as the front-month, December futures on the New York Mercantile Exchange were up 6.2 cents, or 2.7 percent, to $2.36 per million British thermal units at 10:40 a.m. ET (1440 GMT). T
Oct 29 (Reuters) - U.S. natural gas futures climbed higher on Thursday before the government issues the weekly storage report on forecasts for cooler but still well above normal temperatures over the next two weeks. On its first day as the front-month, November futures on the New York Mercantile Exchange rose 5 cents, or 2.18 percent, to $2.348 per million British thermal units at 10:25 a.m. EDT (1425 GMT). The U.S.
Oct 29 (Reuters) - Potash Corp of Saskatchewan said on Thursday it would cut production and trim its full-year earnings and sales forecasts, as volatile currencies and economic pressures weigh on demand for the crop nutrient potash.
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