Energy & Oil

• Thursday, May 31st 2018 - 07:20 UTC

  Total denied environmental license to drill at the Amazon basin

  

  Brazilian environmental agency Ibama this week rejected French oil company Total SA’s application for an environmental license to drill in the ecologically sensitive Foz do Amazonas basin. It is the fourth time that Ibama has rejected the application and requested additional information.

• Thursday, May 31st 2018 - 07:02 UTC

  Brazil's strike: massive losses: 70m chickens slaughtered; exports of soy, sugar and coffee cancelled

  

  Striking truckers in Brazil have disrupted supplies and exports from one of the world's agricultural powerhouses, triggering the premature slaughter of millions of chickens as feed failed to reach farmers. The strike over high fuel prices has paralyzed Brazil, the top global exporter of soybeans, sugar, coffee and chicken.

• Wednesday, May 30th 2018 - 09:37 UTC

  State of the Nation: “incredibly exciting time for the Falkland Islands and its people”

  

  On Tuesday May 29, Governor Nigel Phillips CBE addressed the elected Legislative Assembly of the Falkland Islands with a message on the State of the Nation.

• Tuesday, May 29th 2018 - 08:48 UTC

  Brazilian cocktail: Wall Street, oil prices, truckers strike and a weak government

  

  A nationwide protest by Brazilian truckers was slow to unwind on Monday, even after the week-long demonstrations against diesel price hikes got the government to cave to their demands, causing stocks and the currency to slide.

• Friday, May 25th 2018 - 08:50 UTC

  Brazil truckers strike: Government says a 15-day truce had been reached

  

  Brazil's government said late Thursday that a deal had been reached with truckers to suspend a four-day-old strike that caused fuel shortages, cut into food deliveries, backed up exports and threatened airline flights.

• Thursday, May 24th 2018 - 07:32 UTC

  China expected to import record volumes of US oil and soy, to help ease trade tensions with the US

  

  China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signaled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.

• Thursday, May 24th 2018 - 07:20 UTC

  Brazil lowers diesel prices 10%, but truckers' strike continues threatening grain exports

  

  Petrobras on Wednesday temporarily cut diesel prices by 10% in order to help the Brazilian government and truck drivers resolve a protest crippling highways.

• Tuesday, May 22nd 2018 - 07:36 UTC

  Trucks loaded with soybeans block main highways in Brazil to protest fuel prices

  

  Brazil lorry drivers blocked major roadways around the capital of the country's largest grain state to protest increases in domestic fuel prices, affecting highways in 18 states, the federal highway police said on Monday.

• Saturday, May 19th 2018 - 06:58 UTC

  A “transformational” year for Falklands Sea Lion development, says Rockhopper Exploration

  

  Rockhopper Exploration PLC at its annual general meeting on Friday said 2018 could be “transformational” as it seeks to secure funding for its Sea Lion project in the Falkland Islands. Rockhopper said it has nearly completed selecting the main contractors for the project, in the Falklands, as well as vendor funding worth US$ 400 million.

• Friday, May 18th 2018 - 08:24 UTC

  Oil hits US$ 80, its highest level since 2014; London's FTSE on new all time-high

  

  Benchmark oil contract Brent North Sea hit its highest level since late 2014 on Thursday, breaching US$ 80 per barrel, with some market players predicting it could rise all the way to US$ 100. Higher oil prices, in turn, pushed the shares of energy firms in European stock markets higher, helping London's FTSE to set a new all-time high, and the Paris CAC to establish a fresh 2018 peak.