BNP asks other banks for help as dollar clearing ban nears

BNP Paribas has asked at least three banks to help it clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating U.S. sanctions, sources said.

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Yemen will destabilise economy if it delays reforms - IMF

Yemen will destabilise its economy if it delays reforms such as cuts to energy subsidies, the International Monetary Fund said in a report released after the government rolled back some fuel price rises in the face of political unrest.

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Weak gasoline, food prices dampen U.S. producer inflation

U.S. producer prices were flat in August, pointing to muted inflation pressures that should see the Federal Reserve in no hurry to raise interest rates.

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Oil hits two-year low; dollar rises ahead of Fed

Brent crude fell below $97 per barrel on Monday, its lowest level in more than two years, as weak Chinese economic data cut the prospect for demand at a time of abundant supply, while expectations that the Federal Reserve will provide new details this week about its plans to raise interest rates lifted the dollar.

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S&P 500 rebounds with energy shares; Dow dips

U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.

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Canoe 2014 Flow-Through LP Raises $51.4 Million

Canoe Financial LP (the "Manager" or "Canoe") announced today that it has completed the second and final closing for the initial public offering (the "Offering") of limited partnership units ("Units") of Canoe 2014 Flow-Through LP (the "Partnership") in each of the provinces of Canada, except Quebec.

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India's businesses invest in high risk countries for high rewards

Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.

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Mitsubishi Corp to invest in energy development projects through private equity fund

The Energy Opportunity Fund LP is managed by Mitsubishi backed Alternative Investment Capital Ltd.

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India receives ADB loan for energy and utilities projects

The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.

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Lanco Infratech, to restructure US$1.3 billion debt

Indian business conglomerate Lanco Infratech begins debt restructuring process.

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Natural gas firms expand for less costly consumer energy

According to past reports, natural gas companies planned on expanding their operations in the Gulf region.

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Gulf natural gas unit explodes

A natural gas well exploded in the Gulf of Mexico today.

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Vitruvian Partners acquires Energy division of EnServe Group

EnServe Group confirmed it has sold Inenco Group, its Energy division, to Vitruvian Partners in a bid to reduce its bank debt and to invest in its remaining divisions.

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Energy sector in Kenya needs to improve - Agency

The Energy Regulatory Commission said that the country needs to improve its energy sector.

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Germany’s RWE rids Gazprom after Arbitration

RWE AG is expected to get rid of Gazprom oil price deals after arbitration.

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