Energy Update
BAKU, Dec 22 (Reuters) - The Asian Development Bank (ADB)
said on Thursday it had approved a $500 million loan to help
Azerbaijan tackle economic and social problems, mitigating the
adverse impact of a decline in oil prices.
OSLO, Dec 22 (Reuters) - Temperatures around the North Pole
surged close to melting point on Thursday as a freak blast of
warm air blanketed an Arctic region usually deep frozen in
mid-winter darkness, scientists said.
LONDON, Dec 22 (Reuters) - Oil is set to be 2016's top
market performer, with its near 50 percent gain an outcome few
would have predicted when it plunged to a 12-year low in
January.
BEIJING, Dec 22 (Reuters) - China on Thursday dismissed
accusations from Taiwan that it engaged in "dollar diplomacy" to
get Sao Tome and Principe to ditch ties with the self-ruled
island, saying a petty Taiwan was besmirching China's good name.
BEIJING, Dec 22 (Reuters) - A Chinese court has jailed two
former chiefs of state-owned Shanxi Coking Coal Group
for bribery, the court said on Thursday, the latest
in a series of company chiefs brought down by China's crackdown
on corruption.
SHANGHAI, Dec 22 (Reuters) - China's main stock indexes
barely moved on Thursday, as strength in shares of state-owned
enterprises (SOE) was offset by persisting tight liquidity in
the wake of a bond scandal.
NEW YORK/HOUSTON, Dec 22 (Reuters) - U.S. Gulf Coast
refiners are cashing in on rising fuel demand from Mexico,
shipping record volumes to a southern neighbor that has failed
to expand its refining network to supply a fast-growing economy.
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