Energy Update

You are here

* Dec fuel exports surge to record on domestic oversupply

(Adds Dec data, comment, writes through)

* But total 2016 shipments top 1 billion tonnes

(Recasts; adds analyst comment, details)

SHANGHAI, Jan 13 (Reuters) - China stocks were up on Friday
morning, on course to snap a three-day losing streak, as the
property sector rebounded strongly on strength in China Vanke Co
Ltd's , the country's second largest
developer.

BEIJING, Jan 13 (Reuters) - China's coal imports dipped
slightly in December from the previous month but were still up
more than 50 percent from a year ago at 26.84 million tonnes,
official customs data showed on Friday.

* Saudi Arabia says its output has fallen below 10 million
bpd

BEIJING, Jan 13 (Reuters) - China's imports of iron ore rose
7.5 percent to a record 1.024 billion tonnes in 2016, data from
the General Administration of Customs showed on Friday, as
economic stimulus measures sustained steel demand even as the
government cracked down on excess capacity.

MEXICO CITY, Jan 12 (Reuters) - An accident at the Ciudad
Madero refinery of Mexican state-owned oil firm Pemex
killed one worker on Thursday, but the incident will not affect
production, a company representative said.

* Saudi Arabia says its production has fallen below 10
million bpd

Jan 12 (Reuters) - Oil and gas producer Anadarko Petroleum
Corporation said on Thursday it would sell its Eagleford
Shale assets in South Texas for about $2.3 billion to a
strategic 50/50 partnership formed by Sanchez Energy Corporation
and asset manager Blackstone Group LP.

WASHINGTON, Jan 12 (Reuters) - The U.S. House of
Representatives on Thursday passed a bill requiring the
country's top securities regulator to add up the costs of
following new rules before putting them into force, part of a
Republican push to reform the federal bureaucracy.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.