Energy Update
MOSCOW, June 17 (Reuters) - Russia is not entering an arms race with the West as this would hurt the economy, President Vladimir Putin's main foreign policy adviser said on Wednesday.
HOUSTON, June 17 (Reuters) - Tropical Storm Bill headed further into central Texas with heavy rains and high winds on Wednesday before losing its punch and no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state.
The Western world's steelmakers have joined together to effectively tell China to back off, urging their home countries to take action against the world’s largest steelmaker.
(Wed, 17 Jun 2015) First-quarter 2015 financial results for globally integrated oil companies show that total earnings were $22 billion (54%) lower than first-quarter 2014. Lower crude oil prices contributed to a decline in profits in the upstream sector of $28 billion (80%) compared to first-quarter 2014.
Neste has resumed operations at the Porvoo refinery lcoated in Finland, following scheduled maintenance turnaround.
June 16 (Reuters) - Norway's Statoil ASA is "weeks away" from reaching a deal with the government of Newfoundland and Labrador to develop the company's 600 million-barrel Bay du Nord oil discovery off the Canadian province's Atlantic coast, the province's premier said on Tuesday.
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