Energy Update
SINGAPORE, Jan 4 (Reuters) - Nearly 300 tonnes of oil
spilled into the narrow strait separating Singapore and Malaysia
after a collision between two container vessels, the Singapore
Marine Port Authority (MPA) said on Wednesday.
(Wed, 04 Jan 2017) Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/bâdown $5/b from 2015âthe WTI price ended 2016 at $53/b, $16/b higher than at the end of 2015. Similarly, Brent ended the year up $17 from the end of 2015, at $54/b, but the 2016 annual average of $44/b was $8 below the 2015 average.
BEIJING, Jan 4 (Reuters) - The Chinese capital issued its
highest red fog alert for a second day on Wednesday, keeping
highways closed in and around the city which is already under a
smog alert after weeks of choking winter pollution.
MEXICO CITY, Jan 3 (Reuters) - Blockades of fuel storage
terminals by protesters angered by a double-digit increase in
gasoline prices has led to a "critical situation" in at least
three Mexican states, state oil company Pemex said on Tuesday.
Jan 3 (Reuters) - Exxon Mobil Corp and Rex Tillerson
agreed to sever all ties to comply with conflict-of-interest
requirements as the company's former chairman and chief
executive awaits confirmation as U.S. secretary of state.
Jan 3 (Reuters) - Exxon Mobil Corp said it reached
an agreement with Rex Tillerson, its former chairman and chief
executive, to cut all ties with the company to comply with
conflict-of-interest requirements associated with his nomination
as secretary of state.
Jan 3 (Reuters) - North Dakota's new governor warned on
Tuesday that protesters remaining at the construction site of
the Dakota Access Pipeline should vacate their main camp before
spring because of the risk of flooding.
Kelt has signed an agreement to dispose oil and gas properties at Karr for gross proceeds of $100.
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