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Energy resource permanent funds vary by purpose and state

(Thu, 30 Apr 2015) Taxation of coal, crude oil, and natural gas production presents opportunities for states to collect revenue as nonrenewable resources are produced. Natural resource permanent funds are revenues earned from taxing the extraction of energy resources and are set aside by national, state, and local governments for strategic or long-term use.

UPDATE 1-Suncor turns to loss on low oil price, foreign exchange loss

April 29 (Reuters) - Suncor Energy Inc, Canada's largest oil and gas company, reported a loss on Wednesday as oil prices tumbled by half and a foreign exchange loss outweighed higher production.

Investors trim bets on further Bank of Korea rate cut

SEOUL, April 30 (Reuters) - Investors have been scaling back their bets that South Korea's central bank will cut interest rates again as inflation and overall growth in Asia's fourth-largest economy are seen at or past the worst.

BOK says oil prices stunting inflation, dismisses deflation concerns

SEOUL, April 30 (Reuters) - Inflation in South Korea would have been as much as 1.3 percentage points above current levels if not for low global oil prices, the nation's central bank said on Thursday as it rebuffed concerns the economy may slip into deflation.

Suncor turns to loss on low oil, foreign exchange loss

April 29 (Reuters) - Suncor Energy Inc, Canada's largest oil and gas company, reported a loss on Wednesday, as oil prices tumbled by half and a foreign exchange loss cut into profits.

Oil prices slip away from 5-month highs as Japan's industry stutters

SINGAPORE, April 30 (Reuters) - Oil prices slipped away from five-month highs in early Asian trading on Thursday as Japanese factory output weakened for the second straight month.

Enterprise and Occidental to build natural gas processing facility in US

Enterprise Products Partners and an affiliate of Occidental Petroleum have signed an agreement to jointly develop a 150 million cubic feet per day (mmcf/d) cryogenic natural gas processing plant in the Delaware Basin.

UPDATE 1-BP, union reach tentative deal to end Whiting refinery strike

HOUSTON, April 29 (Reuters) - BP Plc and the United Steelworkers union (USW) chapter representing striking workers at the company's Whiting, Indiana, refinery reached a tentative agreement on Wednesday to end an 11-week work stoppage.

Tight supply makes waves in US methanol markets

Global supply tightness kicked up methanol prices in the US, where Q1 turnarounds, strong export demand and natural gas shortages has the market eagerly awaiting new units coming online.

Interview: Yamal LNG and Fluxys’ 20-year contract for Zeebrugge LNG transshipment

Laurent Remy, Fluxys Belgium, on Belgian Zeebrugge's main assets to support year-round LNG deliveries from the Yamal Peninsula to Asian-Pacific markets.

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