Clinton victory would clear clouds hanging over last year’s Iran nuclear deal By Noah Barkin BERLIN, Nov 1 (Reuters) – After a year of disappointment, European businesses are hoping a victory for Hillary Clinton in the U.S. election next week may help break the logjam that has prevented large-scale Western investments in Iran since the […]
Europe hopes Clinton win can spur elusive Iran deals Read More »
Trump has campaigned on backing out of Paris climate agreement By Sue-Lin Wong BEIJING, Nov 1 (Reuters) – China on Tuesday rejected a plan by U.S. Republican presidential candidate Donald Trump to back out of the Paris climate agreement, saying a wise political leader should make policy in line with global trends, a rare comment on
In rare move, China criticises Trump plan to exit Paris climate agreement Read More »
Glencore coking mine reopens in Australia as Chinese coal imports increase By James Regan SYDNEY, Nov 1 (Reuters) – Glencore said on Tuesday it would restart a coking coal mine in southeastern Australia that was mothballed more than two years ago, with a resurgence in prices for the commodity breathing life into the sector. Less than
Glencore to restart Australia coal mine as prices surge Read More »
Statoil investing $665 million in Trestakk field BODOE, Norway, Nov 1 (Reuters) – Statoil and partners will invest 5.5 billion Norwegian crowns ($665.51 million) in the development of the Trestakk oil and gas field off Norway, down from a January estimate of 7 billion crowns, the company said on Tuesday. The field had initially been
Statoil’s Trestakk field gets go-ahead after company slashes cost Read More »
BP Q3 net income at $933 million By Karolin Schaps LONDON, Nov 1 (Reuters) – British Petroleum reported a near halving in third-quarter earnings on Tuesday and cut its 2016 investment plans by another $1 billion as weak oil prices cut into profits, yet tighter spending helped BP Q3 beat analysts’ estimates. BP, which plans to
BP Q3 earnings beat estimates, trims spending again Read More »
Iraq looks to IOCs to all but cut off investment for 2017 H1 By Rania El Gamal and Dmitry Zhdannikov DUBAI/LONDON, Nov 1 (Reuters) – Iraq has asked international oil companies (IOCs) to shut down prestige offices among the glittering towers of Dubai, through which they used to run their oil operations in Iraq, as a way
Iraq asks oil majors to downsize costly Dubai offices Read More »
Colonial gasoline line explosion in Alabama By Devika Krishna Kumar Nov 1 (Reuters) – Colonial Pipeline Co’s main gasoline line, a crucial supply source for the U.S. East Coast, will be shut for at least several days, the company said on Tuesday, after an explosion and fire in Alabama killed one worker and injured five others.
Colonial gasoline line explosion kills one, injures five Read More »
Shell Permian Basin land packages for sale, but company will consider buying in area LONDON, Nov 1 (Reuters) – Royal Dutch Shell is selling two small land packages in the U.S. Permian Basin but will also consider acquisitions in the oil-rich West Texas province, Chief Financial Officer Simon Henry said on Tuesday. Shell, which is in
Two Shell Permian Basin assets up for sale Read More »
Oil prices down on OPEC deal doubts By Barani Krishnan NEW YORK, Nov 1 (Reuters) – Oil prices settled lower on Tuesday, then tumbled again after hours following a trade group’s report of a U.S. crude inventory build nine times larger than forecast. During regular trading hours, crude prices hit one-month lows before paring losses at settlement. Then
Oil prices end down but off lows, then slides on API report Read More »
Marex Spectron will house three traders in Calgary office By Nia Williams CALGARY, Alberta, Nov 1 (Reuters) – Global commodities brokerage Marex Spectron is opening its first Canadian office in Calgary, the country’s oil capital, with three traders, the company said on Tuesday. Marex Spectron plans to start brokering Canadian crude from January 2017 and
Marex Spectron sets up Canadian crude brokerage in Calgary Read More »
