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.
Thai oil refiner Star Petroleum Refining (SPRC) is planning to divest at least 30% stake in an initial public offering (IPO).
BP has resumed operations of the second largest crude unit at the company’s 413,500bpd refinery in Whiting, Indiana, US.
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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