Energy Update
LUXEMBOURG, Dec 21 (Reuters) - The European Union is within
its rights to apply carbon taxes to flights between Switzerland
and member states although flights to and from other countries
outside the bloc are exempt, the EU's top court said on
Wednesday.
DUBAI, Dec 21 (Reuters) - Saudi Arabia's state budget for
2017, which is expected to be released on Thursday, will boost
spending to support economic growth while raising domestic
energy prices to ease the government's subsidy burden, sources
told Reuters.
OSLO, Dec 21 (Reuters) - Norway's central bank, which
manages the country's $869 billion wealth fund, has excluded an
additional 15 companies from its portfolio due to their use or
production of coal, and plans further exclusions next year, it
said on Wednesday.
BEIJING/SINGAPORE, Dec 21 (Reuters) - China's state oil and
gas majors are set to import record levels of liquified natural
gas (LNG) this month, betting on robust demand during the cold
winter months and helping lift Asian prices to their highest in
nearly two years.
KUALA LUMPUR, Dec 21 (Reuters) - Malaysian state fund
1Malaysia Development Bhd has made interest payments on one of
its bond issues this quarter, after failing to pay earlier this
year because of a dispute with a guarantor, Malaysia's second
finance minister said on Wednesday.
MANILA, Dec 21 (Reuters) - While this year's spectacular
rebound in iron ore prices has been a godsend for the world's
biggest miners, it has not gone high enough for smaller,
less-efficient producers that still have pits shuttered and
equipment idle.
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