Energy (Legacy)

Oil markets stable on expected extension of output cuts

Oil markets stable on expected extension of output cuts

Published 30/10/2017

Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. [more…]

China`s Baidu teams up with Shouqi on driverless cars: Xinhua

China`s Baidu teams up with Shouqi on driverless cars: Xinhua

Published 28/10/2017

Chinese search engine giant Baidu and Shouqi Limousine & Chauffeur, a car-hailing operator, are joining up to develop driverless vehicles, the official Xinhua media service reported on Saturday. [more…]

House panels seek documents on Puerto Rico utility deal

House panels seek documents on Puerto Rico utility deal

Published 27/10/2017

A U.S. congressional committee on Thursday set a Nov. 2 deadline for the Puerto Rico Electric Power Authority (PREPA) to provide information related to its $300 million contract with a small Montana firm to repair damage to the utility's infrastructure caused by Hurricane Maria. [more…]

Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss

Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss

Published 23/10/2017

Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. [more…]

Schumer calls on Trump to appoint official to oversee Puerto Rico relief

Schumer calls on Trump to appoint official to oversee Puerto Rico relief

Published 22/10/2017

Charles Schumer, the top Democrat in the U.S. Senate, called on President Donald Trump on Sunday to name a single official to oversee and coordinate relief efforts in hurricane-ravaged Puerto Rico. [more…]

Iraqi forces take control of all oil fields operated by state-owned North Oil in Kirkuk

Iraqi forces take control of all oil fields operated by state-owned North Oil in Kirkuk

Published 17/10/2017

Iraqi forces completed an operation to take control of all oil fields operated by state-owned North Oil Company in the Kirkuk region on Tuesday, a senior military officer said. [more…]

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Published 17/10/2017

State-owned Saudi Aramco has asked FTI Consulting (FCN.N) to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters. [more…]

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Published 17/10/2017

Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. [more…]

Oil rallies on Chinese import boost and Mideast tensions

Oil rallies on Chinese import boost and Mideast tensions

Published 13/10/2017

Oil prices firmed on Friday as strong Chinese oil import data and turmoil in the Middle East boosted bulls in a market that has already shown signs of rebalancing after years of excess. [more…]

South Korea expects arms, shale gas on U.S. agenda in trade talks

South Korea expects arms, shale gas on U.S. agenda in trade talks

Published 13/10/2017

South Korea's trade minister Kim Hyun-chong said on Friday the United States may demand that Seoul guarantees it will step up arms purchases and imports of U.S. shale gas if the two countries renegotiate a free trade agreement. [more…]