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Liberal win in Canada's British Columbia may raise pipeline odds
Reuters* Surprise Liberal win in B.C. may boost pipeline plans * Political opposition had pledged to block new pipelines * B.C. premier will support lines that meet conditions By Scott Haggett CALGARY, Alberta, May 15 (Reuters) - The surprise re-election...Tags: Environmental Pollution, Water Pollution, Elections, Kinder Morgan Incorporated, Energy
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Canada crude - Prices rise as oversupply worries abate
ReutersCALGARY, Alberta, May 15 (Reuters) - Canadian crude prices strengthened on Wednesday, rising for a third straight session as some market concerns about oversupply eased. Western Canada Select heavy blend for June delivery last traded at $17.25 per barrel...Tags: BP Plc, FirstEnergy Corp., Petroleum Industry, Heavy Engineering, Manufacturing and Engineering
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Factory, wholesale price data flag economy's woes
ReutersWASHINGTON (Reuters) - Factory output dropped in April and manufacturing activity in New York state contracted this month, a sign that slowing global demand is weighing on the economy. The anemic growth picture was highlighted by another report on...Tags: Economy, Business and Finance, Commodity Markets, Food Industry, China, Labor Markets
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Lawmakers test Brown's no-tax resolve with calls to hike levies
SACRAMENTO — Releasing his latest budget plan this week, Gov. Jerry Brown repeated his assurance that the tax hikes voters agreed to last fall were enough, that he won't ask them to dig deeper into their pockets any time soon. "We just got a...
Tags: Weight, National Rifle Association of America, Obesity, Food Industry, Dining and Drinking
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Brent crude gains on stronger U.S. stocks
ReutersNEW YORK, May 15 (Reuters) - Brent crude oil prices turned positive on Wednesday afternoon, supported by U.S. stocks gaining for a fourth straight day. Brent crude was trading 32 cents higher at $102.92 per barrel at 12:22 p.m. EDT (1622 GMT). U.S....Tags: Petroleum Industry
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Brazil's tarnished oil industry polishes image with rights sale
Reuters* BG Group, OGX, Total, BP among big winners at Brazil auction * Sale comes after years of sluggish oil growth, rising debt * Last auction held in 2008, after which oil interest waned * U.S., European companies rush in, but Asian rivals wary By Jeb...Tags: Auction Service, BP Plc, Petroleo Brasileiro SA, Venezuela, Energy Resources
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Two killed in Myanmar clash near China pipeline
ReutersYANGON (Reuters) - Ethnic minority guerrillas in Myanmar attacked an energy company's compound killing two people and wounding three, media reported on Wednesday, the latest incident threatening to delay the opening of pipelines taking oil and gas to...Tags: Petroleum Industry, China, Energy Resources, Burma
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U.S. producer prices post biggest drop in three years
ReutersWASHINGTON, May 15 (Reuters) - U.S. producer prices recorded their largest drop in three years in April as gasoline and food costs tumbled, pointing to weak inflation pressures that should give the Federal Reserve latitude to keep monetary policy very...Tags: Economy, Business and Finance, Commodity Markets, Food Industry, Labor Markets, Federal Reserve
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WRAPUP 1-U.S. producer prices post biggest drop in three years
Reuters* Producer prices fall 0.7 percent in April * Wholesale price drop largest in three years * Core PPI rises 0.1 percent, smallest since November * New York state manufacturing activity contracts in May By Lucia Mutikani WASHINGTON, May 15 (Reuters)...Tags: Economy, Business and Finance, Commodity Markets, Food Industry, Labor Markets, Federal Reserve
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WRAPUP 2-U.S. producer prices post big drop, factory activity weak
Reuters* Producer prices fall 0.7 percent in April * Wholesale price drop largest in three years * U.S. factory output shrinks in April * New York state manufacturing activity contracts in May By Lucia Mutikani WASHINGTON, May 15 (Reuters) - U.S. producer...Tags: Economy, Business and Finance, Commodity Markets, Food Industry, Labor Markets, Federal Reserve
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Oil explorers not expecting tax hike from Irish review
ReutersBy Sarah Young DUBLIN, May 15 (Reuters) - Oil company executives shrugged off on Wednesday the risk of Ireland hiking its tax on licences, as the minister reviewing the rate said it was similar in other countries trying to encourage oil exploration....Tags: IBM, Republic of Ireland, Petroleum Industry, Economy, Business and Finance, Finance
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NuStar shelves Niobrara pipeline on lack of shipper interest
ReutersHOUSTON, May 15 (Reuters) - NuStar Energy LP has shelved a proposal to use new and existing pipelines to move crude oil from the Niobrara shale oil play in Colorado to Texas for lack of shipper interest, a spokesman said on Wednesday. The company can...Tags: Shipping Service
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