Energy Update
NEW YORK, Aug 4 (Reuters) - A U.S. appeals court on Tuesday rejected Ecuador's challenge to a $96 million international arbitration award in favor of energy giant Chevron Corp, marking the latest twist in a decades-long dispute over the development of oil fields in the South American country.
Australia's aged refining sector has shrunk by more than half over recent years, but at least one small local player appears to want to buck the trend.
LONDON/SINGAPORE, Aug 4 (Reuters) - Oil prices are unlikely to recover soon as Saudi Arabia's drive to boost its refining activities is expected to force refineries elsewhere to slow down their operations, thus creating an even bigger glut of unwanted crude oil.
NEW YORK, Aug 4 (Reuters) - A U.S. appeals court on Tuesday rejected Ecuador's challenge to a $96 million international arbitration award in favor of Chevron Corp, the latest development in a decades-long dispute over the development of oil fields in the South American country.
LONDON/FRANKFURT, August 4 (Reuters) - Coal prices' downward trajectory shows no sign of reversing as a supply glut, combined with expectations that demand from top consumer China will shrink more, paint a bleak outlook for the fossil fuel which generates nearly half the world's electricity.
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