Energy Update
WASHINGTON, April 16 (Reuters) - Iraq is committed to making difficult reforms to its bureaucracy and regulations for foreign companies in order to attract much-needed investment, Prime Minister Haidar al-Abadi said at a Washington forum on Thursday.
SYDNEY, April 17 (Reuters) - Australian shares are expected to open lower on Friday as investors sell stocks following another slide in the all-important iron ore price and a lacklustre lead from Wall Street. The local share price index futures fell six points to 5938, a 0.2 percent discount to the underlying S&P/ASX 200 index close. The benchmark rose 39.08 points or 0.7 percent to 5,947.5 on Thursday.
CARACAS, April 16 (Reuters)- - Gold Reserve Inc, a small Canadian miner that lost its crown jewel in a 2009 expropriation, is targeting Venezuelan assets as it seeks to collect a $750 million arbitration award that would put new strains on the cash-strapped government's finances.
April 16 (Reuters) - Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 38.8 percent drop in quarterly profit and said it would cut a further 11,000 jobs, blaming the fall in drilling activity, particularly in North America.
LONDON, April 16 (Reuters) - Bosses from more than forty global companies called on negotiators to agree a United Nations climate change deal in Paris in December and pledged to make their own emission cuts, they said in an open letter published on Thursday.<
BAGHDAD, April 16 (Reuters) - Islamic State militants clashed with security forces inside Iraq's largest refinery on Thursday and held on to recent gains in the west of the country, as Prime Minister Haider al-Abadi said the extremist group remained "very, very dangerous".
The US EPA announced it would finally release blending obligations, and the RINs market had a big jump in response to the announcement.
April 16 (Reuters) - Schlumberger Ltd, the world's No.1 oilfield services provider, said it would cut a further 2,000 jobs and that it expects a recovery in U.S.
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