Energy Update
RIO DE JANEIRO, Oct 2 (Reuters) - Brazil's Supreme Court authorized the questioning by police of ex-President Luiz Inácio Lula da Silva in a broadening corruption case focused on state-run oil company Petrobras, a representative for the court said on Friday.
UNITED NATIONS, Oct 2 (Reuters) - Sudan's Foreign Minister Ibrahim Ghandour on Friday used the annual gathering of the 193 members of the United Nations to rail against the International Criminal Court (ICC), which he said has become a political tool to target African leaders.
MANCHESTER, N.H., Oct 2 (Reuters) - New Hampshire's top court on Friday upheld a $236 million judgment against Exxon Mobil Corp over groundwater contamination linked to gasoline additive MTBE.
Oct 2 (Reuters) - Hedge fund manager Andy Hall, one of the most avowed oil bulls, had losses of about 7 percent in September, bringing the year-to-date decline to more than 20 percent, industry sources said on Friday.
Oct 2 (Reuters) - U.S. energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, data showed on Friday, a sign low prices were pushing drillers away from the well pad.
Oct 2 (Reuters) - U.S. energy firms cut 26 oil rigs in the latest week for a fifth straight weekly decline, data showed on Friday, a sign low prices were keeping drillers from returning to the well pad.
The US MTBE market has been shaken by some big news this year, and Q4 could see an uptick of demand for gasoline blending as South America heads into its summer.
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