Energy Update
MOSCOW, Jan 9 (Reuters) - Russia cut its oil production in
early January by around 100,000 barrels per day (bpd) from the
previous month after an agreement with OPEC to cap global crude
output, two sources from the energy sector told Reuters on
Monday.
SYDNEY, Jan 9 (Reuters) - Australia has forecast a steep
decline in the price of iron ore, its most valuable export
commodity, calling an end to an unexpected rally fuelled by
strong demand from China.
Jan 9 (Reuters) - The U.S. solar industry's top lobbying
group named energy policymaker Abigail Ross Hopper as its new
chief executive, pledging pragmatism as the sector prepares to
work with an incoming president who has expressed doubts about
its importance.
(Mon, 09 Jan 2017) U.S. coal production in 2016 is expected to total 743 million short tons (MMst), 17% lower than in 2015, and the lowest level since 1978. Falling production in 2016 continues an eight-year decline from peak production in 2008.
BEIJING, Jan 9 (Reuters) - China's Shanxi province, the
country's top coal producer, plans to cap output and consolidate
the industry around big producers over the next four years in a
bid to boost effiency, according to a blueprint by the
provincial government.
SINGAPORE, Jan 9 (Reuters) - Oil prices fell early on Monday
as Iran increased exports undermining efforts by other oil
producers to curb a global fuel supply overhang and as U.S.
drillers increased activity for a 10th week.
ACCRA, Jan 8 (Reuters) - Ghana President Nana Akufo-Addo is
likely to name investment banker Ken Ofori-Atta as finance
minister, three sources close to the presidency told Reuters on
Sunday.
WASHINGTON, Jan 8 (Reuters) - Two senior Republican senators
urged President-elect Donald Trump to punish Russia in response
to U.S. intelligence agencies' conclusion that President
Vladimir Putin personally directed efforts aimed at influencing
the outcome of the November election.
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