Energy Update
BEIJING, April 9 (Reuters) - OPEC's strategy of holding output steady is not working and the group's members should discuss production levels before its next meeting in June, Iran's oil minister said, a sign of the pain lower prices are causing OPEC's less wealthy producers.
MELBOURNE, April 10 (Reuters) - BHP Billiton came under fire from Australian Senators on Friday for not revealing how much profit it made or tax it paid at its Singapore marketing hub, amid a wider inquiry into profit-shifting by multinationals to avoid tax.<
BEIJING, April 10 (Reuters) - Any failure to tackle China's huge pollution problems in the coming years could stoke public discontent and create "social conflicts", government researchers warned, underlining political concerns driving Beijing's war on smog.
Platts editors look at the impact of the recent election in Nigeria on the oil industry and on the physical oil markets.
ACCRA, April 10 (Reuters) - When it opened in 1963, Ghana's oil refinery symbolised pride and hope for the first African country to escape colonial rule. Now the plant stands idle in a sign of the economic shadow that has crept over one of the continent's brightest stars.
(Fri, 10 Apr 2015) The average U.S. household expenditure on motor gasoline in 2015 is expected to be about $1,817, the lowest level in more than a decade. This level is about $700 less than average household gasoline expenditures in 2014. Actual spending can vary based on driving-related factors, some of which depend on demographic considerations. As one might expect, households with more people tend to spend more on gasoline.
SINGAPORE, April 10 (Reuters) - Iron ore is veering to a new crisis as prices for future delivery of the commodity slide 30 percent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.
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