Energy Update
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.
EZEIZA, Argentina, April 16 (Reuters) - The cost of drilling wells in Argentina's vast but barely tapped Vaca Muerta shale oil and gas formation will fall at least 10 percent by the end of 2016, Miguel Galuccio, chief executive officer of state energy company YPF said on Thursday.
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