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Glencore Xstrata to appoint Hayward as interim chairman: source
ReutersLONDON (Reuters) - Glencore Xstrata is set to appoint former BP boss Tony Hayward as interim chairman, after John Bond failed to be reelected to the top job at the company's inaugural shareholder meeting, a source with knowledge of the matter said....Tags: Tony Hayward
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Exclusive: Hungarian ethanol firm says it alerted EU over Platts pricing
ReutersLONDON (Reuters) - A Hungarian ethanol producer said it alerted the European Commission over the role of price agency Platts in setting prices, feeding into an investigation of three major oil companies. Pannonia Ethanol, a recent entrant to Europe's...Tags: Personal Service, Commodity Markets, Politics, International Organizations, Companies and Corporations
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COLUMN-How to manipulate oil price assessments: Campbell
ReutersBy Robert Campbell NEW YORK, May 14 (Reuters) - The vulnerability of physical crude price assessments to manipulation is an open secret within the oil industry. The surprise, perhaps, is that it took regulators so long to open a formal probe....Tags: Commodity Markets, Environmental Issues, Thomson Corporation, Business, European Union
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REFILE-COLUMN-How to manipulate oil price assessments: Campbell
ReutersBy Robert Campbell NEW YORK, May 15 (Reuters) - The vulnerability of physical crude price assessments to manipulation is an open secret within the oil industry. The surprise, perhaps, is that it took regulators so long to open a formal probe....Tags: Commodity Markets, Thomson Corporation, Environmental Issues, Business, European Union
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EXCLUSIVE-Hungarian ethanol firm says it alerted EU over Platts pricing
ReutersBy Peg Mackey LONDON, May 15 (Reuters) - A Hungarian ethanol producer said it alerted the European Commission over the role of price agency Platts in setting prices, feeding into an investigation of three major oil companies. Pannonia Ethanol, a...Tags: Royal Dutch Shell Plc, Renewable Energy, Environmental Issues, Thomson Corporation, Prices
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U.S. cash crude differentials stronger on wider Brent-WTI spread
Reuters* Crude futures settle higher, Brent out gains U.S. crude * Brent/U.S. crude spread wider, moves back above $9/bbl NEW YORK, May 15 (Reuters) - Cash crude differentials in the United States strengthened on Wednesday as the transatlantic spread between...Tags: Politics, Nuclear Policy, Iran's Nuclear Program, Valero LP, International Atomic Energy Agency
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EU oil price probe puts Platts in spotlight
ReutersLONDON (Reuters) - A European investigation into alleged price rigging by major oil companies has drawn attention to leading price agency Platts and the way it sets oil price benchmarks. Authorities on Tuesday carried out a surprise inspection at Platts'...Tags: Commodity Markets, Politics, McGraw-Hill Incorporated, International Organizations, Punishment
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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: TransCanada Corporation, FirstEnergy Corp., Manufacturing and Engineering, Upstream Oil and Gas Activities, Petroleum Industry
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FACTBOX-Petrobras, BG, OGX, Total, BP top Brazil oil auction winners list
ReutersMay 15 (Reuters) - Brazil's petroleum agency, the ANP, sold rights to 142 oil and gas exploration areas to 39 companies from 12 countries on Tuesday. It was the first auction since 2008. Brazil racked up a record 2.82 billion reais ($1.4 billion) for the...Tags: Brazil, Chevron Corportion, BHP Billiton Plc., BG Group Plc., Auction Service
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Angola LNG fire mars latest start-up attempt
Reuters* Fire on April 15 caused by high-voltage cable * Angola LNG reiterates Q2 export target * Upstream issues raise doubt over feed gas supply By Oleg Vukmanovic and Edward McAllister LONDON/NEW YORK, May 15 (Reuters) - Angola's hopes of becoming this...Tags: Angola, Chevron Corportion, Science and Technology, Energy Resources, Petroleum Industry
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TABLA-Petrobras, BG, OGX, Total y BP, mayores ganadores en subasta petrolera de Brasil
Reuters15 mayo (Reuters) - La agencia petrolera de Brasil, ANP, vendió 142 derechos para exploraciones de gas y petróleo a 39 empresas de 12 países, en la primera subasta desde 2008. Brasil consiguió un récord de 2.820 millones de reales (1.400 millones de...Tags: BHP Billiton Plc., BG Group Plc., Exxon Mobil Corporation
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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: Eike Batista, Petroleo Brasileiro SA, Chevron Corportion, France, Auction Service
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