Energy Update
SHANGHAI, Dec 26 (Reuters) - China stocks erased early
losses and eked out a gain on Monday, after some shares favored
by insurers rebounded, offsetting the weakness in resources
pulled lower by falls in commodity prices.
SHANGHAI, Dec 26 (Reuters) - China's courts will widen the
range of offences that constitute "environmental crimes" to make
it easier to take legal action against polluters, a senior
judiciary official told a news briefing on Monday.
BEIJING, Dec 26 (Reuters) - China promised strong support on
Monday for its newest friend in Africa, the former Taiwan ally
Sao Tome and Principe, whose foreign minister made a pitch for
Chinese firms to invest in his "tranquil" country as the two
re-established ties.
MOSCOW, Dec 26 (Reuters) - Russia's oil exports would rise
by almost 5 percent this year to 253.5 million tonnes, and a
"slight" increase was expected next year, Deputy Energy Minister
Kirill Molodtsov said on Monday.
MOSCOW, Dec 26 (Reuters) - Russia's output of oil products
is expected to fall by about 2.5 percent in 2017 due to further
work on a massive refinery modernisation programme aimed at
boosting fuel quality, a deputy energy minister said.
SHANGHAI, Dec 26 (Reuters) - The heavily polluted northern
Chinese province of Hebei, which surrounds the capital Beijing,
said it will learn lessons from the smog that engulfed the
region last week and step up efforts to clean the air.
SANTIAGO, Dec 25 (Reuters) - Officials removed a tsunami
warning after a major 7.6 magnitude earthquake struck southern
Chile on Sunday, prompting thousands to evacuate coastal areas.
BUENOS AIRES, Dec 24 (Reuters) - Gas y Petroleo del Neuquen
SA (GyP), the oil and gas company owned by Argentina's Neuquen
province, plans to auction exploration rights to six blocks in
the Vaca Muerta shale play, local media reported on Saturday.
MOSCOW, Dec 24 (Reuters) - Rosneft's plans for
next year allow it to be flexible with production volumes,
Russia's top oil producer said on Saturday, after Moscow
clinched a deal with OPEC to cut production to bolster weak oil
prices.
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