Energy Update
MEXICO CITY, Aug 25 (Reuters) - Oil companies competing in the next phase of Mexico's historic Round One auction will know the minimum level of profits demanded by the government prior to the auction, the sector regulator said on Tuesday, in a bid to raise investor interest.
--Clyde Russell is a Reuters columnist.
SAO PAULO, Aug 25 (Reuters) - A federal judge in Brazil overseeing a sweeping corruption investigation said on Tuesday there were signs that President Dilma Rousseff's former chief of staff had received bribes.
SYDNEY, Aug 26 (Reuters) - Australian shares are poised for a weak start on Wednesday following a stunning recovery in the previous session, tracking Wall Street which gave up all its early gains to end with losses. Some investors could, however, take solace from China which cut interest rates and lowered the level of reserves banks must hold for the second time in as many months on Tuesday.
LONDON, Aug 25 (Reuters) - Saudi Arabia and its OPEC allies are counting on strong growth in demand coupled with slower growth in non-OPEC supply to rebalance the oil market in 2016.
Aquatech has secured a contract with Oman Oil Refineries and Petroleum Industries Company (Orpic) to design and supply a multiple effect distillation (MED) seawater desalination system for Sohar refinery improvement project in Oman.
MELBOURNE, Aug 25 (Reuters) - BHP Billiton promised to keep its dividends even as it reported its worst underlying profit in a decade on Tuesday, hurt by plunging iron ore, copper, coal and oil prices.
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