Oil edges further above $63 on Mideast tensions

Oil edges further above $63 on Mideast tensions
LONDON (Reuters) – Oil edged further above $63 a barrel on Tuesday, supported by rising tensions in the Middle East after Iran’s seizure of a British tanker last week, although signs of faltering demand capped gains. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer/File Photo Iran’s... Read More

Power traders tackle renewables puzzle in Danish ‘Silicon Valley’

Power traders tackle renewables puzzle in Danish ‘Silicon Valley’
AARHUS, Denmark (Reuters) – Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks. FILE PHOTO: View of Aboulevarden in the centre of the city of Aarhus, Denmark July 10, 2019.... Read More

Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook

Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook
SINGAPORE (Reuters) – Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied. FILE PHOTO: Pumpjacks are seen against the setting... Read More

Oil inches up amid Middle East tensions; frail demand outlook caps gains

Oil inches up amid Middle East tensions; frail demand outlook caps gains
SINGAPORE (Reuters) – Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied. FILE PHOTO: Pumpjacks are seen against the setting... Read More

Bunge and BP team up in Brazil bioenergy venture, create No. 3 sugarcane processor

Bunge and BP team up in Brazil bioenergy venture, create No. 3 sugarcane processor
SAO PAULO (Reuters) – U.S. commodities trader Bunge Ltd (BG.N) and British energy company BP Plc (BP.L) said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo The joint venture... Read More

Oil prices strengthen more than 1% on Iran risk

Oil prices strengthen more than 1% on Iran risk
NEW YORK (Reuters) – Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran’s seizure of a British tanker last week. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo Brent crude LCOc1 futures climbed 79 cents,... Read More

Blackstone weighs Cheniere Energy Partners stake sale: Bloomberg

Blackstone weighs Cheniere Energy Partners stake sale: Bloomberg
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid (Reuters) – Blackstone Group Inc is considering selling its stake in LNG producer Cheniere Energy Inc’s limited partnership seven years after investing about $1.5 billion, Bloomberg... Read More

Bunge and BP team up for Brazil sugar and ethanol venture

Bunge and BP team up for Brazil sugar and ethanol venture
SAO PAULO (Reuters) – U.S. commodities trader Bunge Ltd (BG.N) and British energy company BP Plc (BP.L) said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo The joint venture... Read More