Energy Update
LAUNCESTON, Australia, Dec 7 (Reuters) - Is there a
longer-term cost to be paid by China for its ongoing efforts to
curb what the authorities in Beijing see as unjustified price
spikes in commodity prices on the country's futures exchanges?
BENGHAZI, Libya, Dec 7 (Reuters) - Armed groups took control
on Wednesday of the Libyan town of Ben Jawad, close to some of
Libya's major oil ports, as forces loyal to the eastern
government, that seized the coastal terminals in September,
defended them from the air, officials said.
There is a saying that the two things you should never see made are laws and sausage. As a political activist from the city once hailed as HOG Butcher of the World, I can confirm the truth of it.
BENGHAZI, Libya, Dec 7 (Reuters) - Armed groups took control
on Wednesday of the Libyan town of Ben Jawad, close to some of
Libya's major eastern oil ports, security officials said.
BNEGHAZI, Libya, Dec 7 (Reuters) - Clashes broke out on
Wednesday near the Libyan town of Ben Jawad, west of some of
Libya's major oil ports, a spokesman for a force that guards the
ports said.
ABU DHABI, Dec 7 (Reuters) - OPEC's deal to cut oil
production will go ahead even if Russia becomes the only
non-OPEC country to commit to reduce output at a meeting this
week, Nigeria said on Wednesday, while the UAE voiced optimism
that other producers would participate.
TOKYO, Dec 7 (Reuters) - State-run Japan Oil, Gas and Metals
National Corp (JOGMEC) said it signed a contract with the
world's top exporter Saudi Aramco on Wednesday to extend a crude
oil storage deal on the island of Okinawa by three years.
LONDON, Dec 7 (Reuters) - British Prime Minister Theresa May
said on Wednesday she would deepen defence cooperation with Gulf
countries and work with them to push back "against Iran's
aggressive regional actions".
Dec 7 (Reuters) - Hong Kong stocks rose for the second day
on Wednesday, lifted by energy and raw materials sectors, but
trading was thin as investors were cautious ahead of the
European Central Bank's policy meeting on Thursday.
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