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Summer gasoline prices to be down more than $1 from last summer

(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.

Iran's foreign minister due in Pakistan to discuss Yemen

ISLAMABAD, April 8 (Reuters) - Iranian Foreign Minister Mohammad Javad Zarif was due in Pakistan on Wednesday and is likely to urge it to reject a request to join a Saudi-led campaign against Iran-allied Houthi forces in Yemen.

Malaysia's Malakoff to start taking orders for IPO on April 17 -sources

KUALA LUMPUR, April 8 (Reuters) - Malakoff Corporation Bhd , Malaysia's largest independent power producer, will start taking orders on April 17 for its 2.74 billion ringgit ($752.44 million) initial public offering (IPO), people with knowledge of the share sale said.

UPDATE 1-Oil down on U.S. stock build, record Saudi output

* Saudi oil production hit record 10.3 mln bpd in March -Naimi

Oil prices fall as Saudi Arabia reports record output

* Saudi oil production hit record 10.3 mln bpd in March -Naimi

UPDATE 1-Shell seeks to remove Greenpeace activists from oil rig

April 7 (Reuters) - Royal Dutch Shell Plc said it has filed a complaint in federal court in Alaska seeking an order to remove Greenpeace activists who climbed aboard an oil rig in the Pacific Ocean bound for the Arctic on Monday in a protest against Arctic drilling.

Mexican cement company GCC sees slowdown as U.S. oil sector dips

MEXICO CITY, April 7 (Reuters) - Mexican cement maker Grupo Cementos de Chihuahua (GCC) expects sales growth to decline this year after record revenue last year as low oil prices constrict demand in the United States, the company's top market.

Iran to commission 11 new petrochemical units to boost production

Iran is planning to complete and commission a total of 11 petrochemical units to boost its petrochemical production in the current Iranian year, which began on 21 March.

UPDATE 3-U.S. Senator John McCain to seek sixth term in Arizona

WASHINGTON, April 7 (Reuters) - U.S.

Saudi pumps up oil production to record high 10.3 million bpd

RIYADH, April 8 (Reuters) - Saudi Arabia has revved up crude production to its highest rate on record, feeding unexpectedly strong demand from foreign refiners and increased capacity at home.

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