Energy Update
MANILA, March 3 (Reuters) - The Philippine government has suspended all exploration work at the Reed Bank in the South China Sea "until further notice", a unit of Philex Petroleum Corp said, as the country pursues international arbitration over territorial disputes.
SINGAPORE, March 3 (Reuters) - Brent crude oil prices steadied above $60 a barrel in early Asian trading on Tuesday, supported by traders entering the market after prices dropped sharply in the previous session on the back of record U.S.
SAN FRANCISCO, March 2 (Reuters) - Retail prices for regular gasoline in West Coast states rose a record 37.2 cents a gallon since last week to $3.12 a gallon on Monday, the U.S. Energy Information Administration (EIA) said.
BP has resumed operations of the second largest crude unit at the company’s 413,500bpd refinery in Whiting, Indiana, US.
Thai oil refiner Star Petroleum Refining (SPRC) is planning to divest at least 30% stake in an initial public offering (IPO).
LONDON, March 2 (Reuters) - Tullow Oil lost over 200 million pounds ($308 million) of its market value on Monday, hit by concerns that a boundary dispute between Ivory Coast and Ghana could delay a project off the coast of West Africa.
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