Energy Update
BAKU, May 5 (Reuters) - Azerbaijan and the Asian Development Bank (ADB) signed on Tuesday a memorandum of understanding to invest $1 billion to modernise the country's energy system.
May 5 (Reuters) - Oil and gas producer Noble Energy Inc swung to a quarterly loss from a year-ago profit, hurt by a steep drop in crude oil prices and $87 million in charges related to commodity derivative losses and asset impairment.
Prices of purified terephthalic acid have firmed up after unexpected plant outages in China affected supply, while India has lifted anti-dumping duties on China PTA.
BRUSSELS, May 5 (Reuters) - The European Union will implement a free-trade pact with Ukraine from next year despite Russian pressure for another delay, according to a draft statement prepared for a summit with six of the bloc's eastern neighbours this month in Riga.
May 5 (Reuters) - U.S.
CALGARY, Alberta, May 5 (Reuters) - A growing share of Canadian oil-by-rail traffic is made up of tough-to-ignite undiluted heavy crude and raw bitumen, say industry executives, as companies scramble to cut expenditures with the price of crude down more than 40 percent since June.
TRIPOLI/BENGHAZI, Libya, May 5 (Reuters) - All crude flows to Libya's Zueitina port have stopped after protesters demanding jobs blocked a pipeline, forcing the closure of several eastern oilfields, oil officials said on Tuesday.
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