Energy Update
TOKYO, July 30 (Reuters) - Idemitsu Kosan Co Ltd, Japan's second-biggest refiner, has agreed to buy about a 33 percent stake held by Royal Dutch Shell in fifth-ranked Showa Shell Sekiyu for about 160 billion yen ($1.3 billion), the Nikkei business daily reported.
Mexico's debut bidding event in Round One of its energy reform is now history, and resulted in what was widely agreed was a poor showing.
(Thu, 30 Jul 2015) EIA publishes several reports covering current crude oil and natural gas production conditions and how recent trends may affect the near-term outlook for the oil and gas industry. Each EIA product is distinct in its purpose, methodology, timeframe, and regional coverage. Some reports are considered estimates of actual production volumes, while others focus on future production.
LOS ANGELES, July 29 (Reuters) - The U.S.
NEW YORK, July 29 (Reuters) - Mexico has resumed its annual oil hedging program to lock in a price for its oil production and protect its bottom line against further falls in prices as U.S. crude teeters near March lows, three sources familiar with the deals told Reuters.
July 29 (Reuters) - Oil bears who drove the market to multi-month lows this week are throttling back on their selling after an unexpectedly large drawdown in U.S. crude stocks showed demand to be stronger than thought - at least temporarily.
LOS ANGELES, July 29 (Reuters) - The U.S. Coast Guard was investigating a large oil sheen off the California coast west of Santa Barbara on Wednesday, a spokeswoman for the agency said.
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