Energy Update
Jan 11 (Reuters) - U.S. inventories of crude and refined oil
rose sharply and more than expected last week, with stocks of
distillates hitting six-year highs, as crude imports and
refining hit record highs, government data showed on Wednesday.
OSLO, Jan 11 (Reuters) - The ethics watchdog for Norway's
$880-billion wealth fund will focus this year on identifying
firms with the biggest emissions of greenhouse gases and will
recommend excluding them from the fund's investments, it said.
CALGARY, Alberta, Jan 11 (Reuters) - Enbridge Inc
may be set for a bruising legal battle in Wisconsin after a
Native American tribe voted against renewing land use agreements
on a major crude oil pipeline, potentially shutting down a
conduit that has been in operation since the 1950s, legal
experts said.
ALMATY, Jan 11 (Reuters) - Kazakhstan's veteran leader
Nursultan Nazarbayev gave the green light on Wednesday for
constitutional reforms that could dilute the sweeping powers he
has amassed as president and force his eventual successor to
share power with other institutions.
WASHINGTON, Jan 10 (Reuters) - The World Bank on Tuesday
said global growth would accelerate slightly as recovering oil
and commodity prices ease pressures on emerging-market commodity
exporters and painful recessions in Brazil and Russia come to an
end.
WASHINGTON, Jan 11 (Reuters) - The U.S. Interior Department
on Wednesday recommended federal coal leasing reforms to ensure
taxpayers receive the fair value of the fuel and account for its
impact on climate change, but the incoming administration could
derail those measures.
ATHENS, Jan 11 (Reuters) - Greece wants to keep a majority
stake in its gas grid operator DESFA and sell only a small
holding to investors after a previous plan to sell a 66 percent
stake collapsed, a Greek newspaper reported on Wednesday.
DUBAI, Jan 11 (Reuters) - Saudi Arabia's stock market
declined for a fourth straight day on Wednesday after oil prices
fell further, but other Gulf bourses largely moved sideways and
Dubai held near a 15-month high.
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