Economics

Canada's top court finds aboriginals consulted on Enbridge pipeline

OTTAWA (Reuters) — Canada's top court ruled on Wednesday that aboriginals were adequately consulted on changes to an Enbridge Inc oil pipeline, dismissing an attempt to quash the national energy regulator's approval of the project.

Pakistan fuel tanker owners end strike, bringing halt to panic buying

KARACHI/ISLAMABAD (Reuters) — Owners of Pakistani fuel tankers ended their protest strike on its third day on Wednesday, dispelling fears of a fuel shortage that had prompted long queues of panicked fuel buyers at petrol stations countrywide.

India allows ONGC to buy out government stake in refiner HPCL

NEW DELHI (Reuters) — India has approved explorer Oil and Natural Gas Corp's plan to buy its 51.1% stake in state-refiner Hindustan Petroleum Corp , a government source said on Wednesday, as New Delhi seeks to create a large integrated oil firm.

US outlines priorities for NAFTA negotiations, API see benefits of modernization

WASHINGTON (Reuters) — The United States on Monday outlined its priorities for renegotiating the NAFTA trade agreement and said it would focus on ensuring better access for US goods exported to Canada and Mexico in order to reduce the US trade deficit.

Dutch competition watchdog investigates possible shipping fuel cartel

AMSTERDAM (Reuters) — The Dutch competition watchdog said on Wednesday it was investigating a possible illegal, price-fixing cartel by fuel companies in ports in the Netherlands and Belgium.

Lotte Chemical Titan in weak Malaysian debut after IPO scaled back

KUALA LUMPUR (Reuters) — Shares of Lotte Chemical Titan Holding Bhd fell in their Malaysian stock market debut, a further indication of weak investor demand after the size of its offering was slashed by a fifth last week.

Oil rises after signs of US demand, but supply threat remains

LONDON (Reuters) — Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of US demand halted the previous day's slide, although the prospect of oversupply in 2018 prompted yet more analysts to cut their price forecasts.

Delek US Holdings announces closing of the acquisition of Alon USA

BRENTWOOD, Tenn. — Delek US Holdings, Inc. announced the closing of the acquisition of the remaining outstanding shares of Alon USA Energy, Inc. common stock in an all-stock transaction. The close of this transaction became effective on July 1.

Malaysia's Lotte Chemical Titan raises $878 MM in IPO

KUALA LUMPUR (Reuters) — Malaysia's Lotte Chemical Titan Holding raised about 3.77 B ringgit ($878 MM) from an initial public offering (IPO) after pricing its shares at the bottom of an indicative range.

Oil eases on US holiday after 8 days of gains

LONDON (Reuters) — Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in US crude production may be slowing.