Energy Update
LONDON, May 12 (Reuters) - Oil drillers Falkland Oil and Gas and Rockhopper resumed normal drilling work on Monday at the Isobel Deep well in the Falkland Islands following the repair of a blow-out preventer control system, the companies said.
SINGAPORE, May 12 (Reuters) - ExxonMobil has begun ramping up production at a new Indonesian oilfield, targeting peak output later this year of more than 200,000 barrels per day (bpd) that will add to an already oversupplied crude market.
The 'all-in' price has fallen on the back of lower global premia, while the LME aluminum cash price has largely remained unchanged.
(Tue, 12 May 2015) Supply disruptions in the tightly balanced and relatively isolated California gasoline market have increased wholesale and retail gasoline prices over the past several weeks. This comes after markets had adjusted to compensate for lost production following the February explosion and fire at ExxonMobil's refinery in Torrance, California.
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