Energy Update
SYDNEY, Aug 24 (Reuters) - Australian shares are set to drop on Monday, following a selloff in global equity markets on fears of a sharp economic slow down in China. Local share price index futures slipped 2.1 percent to 5,058, a 156.6-point discount to the close of the underlying S&P/ASX200 index on Friday. The benchmark skidded to an eight-month low in the last session to end the week 3-percent lower.
TORONTO/VANCOUVER/SYDNEY, Aug 23 (Reuters) - Many of the world's junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting away from exploration.
KHARTOUM, Aug 23 (Reuters) - Sudan appointed a new defence minister on Sunday, the state news agency and a presidential source said, three days after President Omar Hassan al-Bashir proposed a two-month ceasefire with rebels fighting to overthrow his government.
CAIRO, Aug 23 (Reuters) - A state oil firm loyal to Libya's official government based in the east of the country has invited foreign oil firms to discuss existing oil purchase contracts at a conference in Dubai next month, it said in a statement.
DUBAI, Aug 23 (Reuters) - Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an OPEC emergency meeting may be "effective" to stop the oil price slump, Iran's oil ministry news agency Shana reported.
TORONTO/VANCOUVER/SYDNEY, Aug XX (Reuters) - Many of the world's junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting away from exploration.
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