Energy Update

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Jan 17 (Reuters) - Three protesters were arrested on Monday
for trespassing along the Dakota Access Pipeline construction
site, police said, where a fierce months-long demonstration has
unfolded against the building of a multibillion-dollar pipeline.

LAUNCESTON, Australia, Jan 17 (Reuters) - The new year has
started with something familiar from the last - a bubble in
Chinese iron ore and steel prices.

* China to target around 6.5 percent growth in 2017 -
sources

(Tue, 17 Jan 2017) U.S. production of ethane is expected to increase from an average of 1.25 million barrels per day (b/d) in 2016 to 1.7 million b/d in 2018 according to EIA’s latest <em>Short-Term Energy Outlook</em> (STEO). Increased ethane production is expected to be consumed in the petrochemical industry domestically as well as exported to other countries.

* Saudis say they will strictly adhere to announced
production cut

LONDON, Jan 16 (Reuters) - Hedge fund bullishness towards
the price of crude oil appears to have peaked for the time
being, with fund managers booking some profits after the strong
rally in the final seven weeks of 2016.

SINGAPORE, Jan 17 (Reuters) - Oil edged up on Tuesday after
Saudi Arabia said it would strictly adhere to a commitment to
cut output, but worries in financial markets about the outlook
for crude supply dragged on prices.

CALGARY, Alberta, Jan 16 (Reuters) - An intra-provincial
pipeline under construction in Canada's oil heartland of Alberta
needs replacement after being damaged by an act of "mischief,"
authorities said on Monday.

CALGARY, Alberta, Jan 16 (Reuters) - An entire pipeline in
Canada's oil heartland of Alberta needs to be replaced after an
act of "mischief" caused C$500,000 ($380,000) to C$700,000 in
damage to it, police said on Monday.

Imtex Membranes Corp., originator of the Permylene Membrane System, is the first commercially available facilitated transport membrane system that is a high performance, lower cost alternative to distillation for olefin extraction and purification in the petrochemical and refining industries.

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