Energy Update
LONDON, April 27 (Reuters) - Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.
MOSCOW, April 27 (Reuters) - Russian state-owned oil pipeline monopoly Transneft was quoted on Monday as saying deliveries of Russian oil to Europe via the Druzhba pipeline had been reduced because of an accident in neighbouring Belarus.
NICOSIA, April 27 (Reuters) - Greek Cypriots welcomed the election of a moderate Turkish Cypriot leader in northern Cyprus on Monday, saying they anticipated a swift resumption of stalled peace talks.
OSLO, April 27 (Reuters) - A group of international investors is suing Norway in an attempt to overturn its decision to cut gas pipeline tariffs, arguing the fee reduction will cost them 15 billion crowns ($1.9 billion) in lost earnings through 2028.
LISBON, April 27 (Reuters) - Portugal's Galp Energia said adjusted first-quarter net profit more than doubled from a year earlier, in line with expectations, thanks to a sharp increase in refining margins and higher oil output.
BANGKOK, April 27 (Reuters) - Most Southeast Asian stock markets eked out gains on Monday as investors awaited major central bank meetings this week, but the Indonesian index hit a two-and-half-month low after Astra Agro Lestari's disappointing earnings and Bank Mandiri's rights issue plan. Jakarta's composite index, which posted small losses over the past three trading days, slipped 2.7 percent to its lowest level since Feb. 5.
--Clyde Russell is a Reuters columnist.
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