Energy Update
VANKOR/SUZUN OIL FIELDS, Russia, April 8 (Reuters) - R ussia's freezing north has never been the most welcoming place for foreign travellers, and its onshore oil riches have always been state secrets. But when the order comes from the Kremlin to open up, people obey.
BANGKOK, April 8 (Reuters) - Southeast Asian stock markets fell on Wednesday as overbought Philippine stocks snapped several days of gains ahead of a public holiday and investors cashed in recent gains in the region ahead of the quarterly reporting season. The Philippine index eased 0.8 percent after having hit record closing highs in each of the previous seven sessions. Shares of Globe Telecom, the most actively traded, dropped 2 percent after Tuesday's rally to a record high.
TRIPOLI, April 8 (Reuters) - Libyan forces opposed to the country's internationally recognized government have warned it that any attempts to export oil independently would force them to take military action to seize oil ports and facilities.
LONDON, April 8 (Reuters) - Royal Dutch Shell said on Wednesday it had agreed to buy BG Group for 47 billion pounds ($70 billion) in a bid to close the gap on the world's biggest oil major, U.S. ExxonMobil.
MELBOURNE, April 8 (Reuters) - Australia's treasurer has told mining industry representatives he would not allow Glencore Plc to merge with Rio Tinto , the Australian Financial Review reported on Wednesday.
WASHINGTON, April 8 (Reuters) - Thirty-one percent of U.S.
NEW YORK, April 8 (Reuters) - The immediate outlook for U.S. oil production has rarely been more important for the financial world, with traders scrutinizing every scrap of data for signs of a sustained pull-back in output. It has also rarely been harder to predict.
(Wed, 08 Apr 2015) U.S. drivers are projected to pay an average of $2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA's Short-Term Energy and Summer Fuels Outlook released yesterday. This year's projected average summer price is down from a $3.59/gal average during summer 2014.
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