Energy Update

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(Thu, 02 Apr 2015) This supplement to the U.S. Crude Oil and Natural Gas Proved Reserves, 2013 ranks the 100 largest U.S. oil and gas fields by their estimated 2013 proved reserves.

KIEV, April 2 (Reuters) - Ukraine has signed a new agreement to buy Russian gas over the next three months at $248 per thousand cubic metres, the Ukrainian energy ministry said in a statement on Thursday.

SEOUL, April 2 (Reuters) - South Korean drivers are ignoring a 25 percent fall in petrol prices and still flocking to buy fuel efficient hybrid and diesel-powered cars, with many unhappy that retail prices haven't fallen further.

April 1 (Reuters) - Canada's largest oil and gas company Suncor Energy Inc said on Wednesday that it expected to largely implement operating budget cuts of C$600 million ($476 million) to C$800 million in 2015, ahead of the previously projected two-year period.

* Oil stocks up on spot price rebound (Adds analysis, quotes, stocks on the move)

SYDNEY, April 2 (Reuters) - Pressure is mounting for a cut in Australian interest rates as soon as next week as plunging prices for iron ore, the country's single most valuable export earner, punish both mining profits and government tax revenue.

MEXICO CITY, April 1 (Reuters) - At least four people died after a fire broke out on an oil processing platform in the Gulf of Mexico early on Wednesday, leading to the evacuation of 302 workers, Mexican state-run oil company Pemex said.

SAO PAULO, April 1 (Reuters) - Another five Brazilian construction and engineering firms have been added to an investigation of contractors that allegedly participated in a corruption ring at state-run oil company Petrobras, the office of the comptroller general said on Wednesday.

With an auction approaching in Germany for Solar PV power, Platts editors Ross McCracken and Henry Edwardes-Evans analyze the effects of using auctions as a means of selling and procuring services in Europe and beyond.

Regional differences are expected during the April buy week in a US scrap market still seeking pricing direction. Discussions were ongoing March 30 between steel mills and dealers and settlements are expected later in the week.

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