Energy Update
SINGAPORE, April 15 (Reuters) - Oil prices rose in early Asian trading on Wednesday after signs of a dip in U.S. production, but trading was cautious ahead of an anxiously awaited reading on China's growth pulse.
Diversified downstream energy company, Delek US has signed definitive stock purchase agreement to acquire approximately 48% stake of Alon USA Energy from Alon Israel Oil Company, for $572.4m.
Energy Capital Partners (ECP) announced its plan to invest up to $500m in equity capital in Next Wave Energy Partners to focus on the development, operation, acquisition and expansion of midstream and downstream petrochemical and fuels assets.
April 14 (Reuters) - Refiner Delek US Holdings Inc said it would buy Alon Israel Oil Co Ltd's 48 percent holding in Alon USA Energy Inc for about $572.4 million, giving it a stake in convenience stores and more refineries in the United States.
WILMINGTON, Del, April 14 (Reuters) - The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years, according to a Reuters analysis of data from research firm bankruptcompanynews.com.
NEW YORK, April 14 (Reuters) - U.S.
April 14 (Reuters) - Magellan Midstream Partners LP and TransCanada Corp , Canada's second-largest pipeline company, said on Tuesday they will develop a pipeline to connect TransCanada's Houston tank terminal to Magellan's East Houston terminal.
North American natural gas production is outstripping demand, and increasing power demand due to the forced retirement of coal plants may not be enough to stabilize gas prices.
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