Energy Update
July 9 (Reuters) - Gulf Keystone Petroleum Ltd said it had received further payments on recent contracts, helping prop up its cash position, and continued to progress towards a regular payment cycle for the oil it produces.
SYDNEY, July 9 (Reuters) - Falling iron ore prices are dragging Fortescue Metals Group bonds lower, cutting the value of the Australian miner's recently issued senior secured note by nearly $300 million.
LONDON, July 9 (Reuters) - British infrastructure group Balfour Beatty issued a fresh profit warning on Thursday, saying it had found further problems in its business which are likely to tip it into another loss for 2015.
Despite the prices of the two commodities converging, selling steel remains more lucrative than selling cabbages, says Sebastian Lewis.
Within the past 12 months, the oil industry seems like it’s been taking us all on a roller-coaster ride. We attempt to pull out some highlights from the most recent part of that wild ride.
(Thu, 09 Jul 2015) U.S. electricity trade with Canada is increasing, providing more economic and reliability benefits to both the United States and Canada. Although the amount of electricity imported over the Canadian border is a small part of the overall U.S. power supply, the transmission connections linking Canada and the United States are an important component of the electricity markets in northern states.
NEW YORK/LONDON/HOUSTON, July 9 (Reuters) - In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history.
TOKYO, July 9 (Reuters) - Liquefied natural gas (LNG) spot prices for buyers in Japan, the world's top consumer, averaged $7.60 per million British thermal units (mmBtu) in June, the same as in April, trade ministry data showed on Thursday. Japan's Ministry of Economy, Trade and Industry (METI) did not publish average LNG spot price for May due to a lack of sufficient trades, the sign of tepid global demand for the fuel.
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