Energy Update
BEIJING/SINGAPORE, Dec 16 (Reuters) - Beijing will not issue
fuel export quotas for independent refineries next year, dealing
a blow to the upstart group of companies and scrapping a key
component of a scheme that has transformed China's oil markets,
three sources said.
ISTANBUL, Dec 16 (Reuters) - Turkey has formally arrested an
executive of Dogan Holding, a conglomerate with major
media interests, in a widening probe into a U.S.-based cleric
Ankara accuses of masterminding July's attempted coup.
SHANGHAI, Dec 16 (Reuters) - At least 46 Chinese firms
shelved debt issuance plans totaling over 50 billion yuan ($7.20
billion) this month as a rout in the country's bond market
deepened, Reuters calculations showed.
SINGAPORE/BEIJING, Dec 16 (Reuters) - Iraq is selling more
crude oil to its biggest customer, China's Unipec, people
familiar with the matter say, digging a deeper foothold in the
global supply market just before production cuts agreed with
OPEC and other producers are scheduled to kick in.
JAKARTA, Dec 16 (Reuters) - Chappy Hakim, a retired air
force chief who says he knows next to nothing about mining, now
heads Indonesia's biggest copper producer, entrusted to use his
connections to guide it through regulatory uncertainty to a
renewed contract for its mine.
(Fri, 16 Dec 2016) U.S. dry natural gas production continued to increase in 2015, reaching 74.1 billion cubic feet per day (Bcf/d). This record-high level was a 4.5% (3.2 Bcf/d) increase over 2014, according to EIAâs <em>Natural Gas Annual</em>, which provides final production data for 2015.
BEIJING, Dec 16 (Reuters) - China's banking regulator said
on Friday that banks must strictly control credit to coal and
steel firms that are violating capacity cuts, the latest in a
series of regulations aimed at reducing loans to industries
struggling with over-capacity.
Dec 15 (Reuters) - InterOil Corp said it has
increased the cap on an additional cash payment based on the
output from a natural gas field in Papua New Guinea that was
part of its sale agreement with ExxonMobil Corp.
Dec 15 (Reuters) - Officials in 24 states have urged U.S.
President-elect Donald Trump to kill the centerpiece of
President Barack Obama's strategy to combat climate change and
shut down coal-fired power plants.
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