Last checked at May 9 (Reuters) - U.S. Bakken differentials rose on Mondayto the strongest in nearly three years as traders hurried to buythe crude on worries about supply constraints due to a ragingwildfire in Canada's Alberta province. The move follows Syncrude Canada cutting estimatedproduction volumes by some 35 percent in May after a wildfireforced the company to close its mines and upgrader operationsover the weekend, sources said. U.S. Bakken for June settled at 40 cents a barrel over WTIfrom 35 cents a barrel below WTI on Friday, according to ShorcanEnergy Brokers. That was the strongest since July 2013. Canadian crude prices climbed further on Monday as thewildfire entered a second week, with offline capacity estimatedat around 1 million barrels per day. Light, sweet barrels in the U.S. Gulf got a boost, withtraders expecting barrels to possibly move inland as a result ofthe production curbs. * Light Louisiana Sweet
17 Apr 2024 13:55
Shell urges investors to reject shareholder group's climate demands
LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, urging the energy company to set tighter climate targets.
Read more
