Energy Update
Dec 2 (Reuters) - U.S. energy companies extended their
recovery in oil drilling into a seventh month this week as they
follow through on plans to add rigs as crude rose to its highest
price in over a year.
Drillers added three oil rigs in the week to Dec. 2,
bringing the total count up to 477, the most since January, but
still below the 545 rigs seen a year ago, energy services firm
Baker Hughes Inc said on Friday.
S&P Global Platts stages many steel conferences and forums around the world, but regardless of the location China is invariably the dominating topic.
SAO PAULO, Dec 2 (Reuters) - Shares in Braskem SA soared 10
percent in their biggest intraday gain in more than two months
on Friday after Latin America's largest petrochemical firm said
it is in advanced talks with authorities in Brazil and the
United States for a leniency agreement related to a massive
corruption scandal.
JUBA, Dec 2 (Reuters) - South Sudan's parliament passed a
38-billion-pound budget on Friday but about 40 percent of that
is unfunded and the government will ask foreign donors for the
money, the finance minister said.
Dec 2 (Reuters) - A Nebraska nonprofit on Friday said it
will propose that Warren Buffett's Berkshire Hathaway Inc
sell its investments in oil refiner Phillips 66
and other companies involved in fossil fuels over 12 years.
GENEVA, Dec 2 (Reuters) - European resistance to China's
massive bicycle industry is just one potential stumbling block
for environmental trade talks this weekend in Geneva, where
World Trade Organization members could pave the way to scrap
tariffs on exports worth over $1 trillion.
Originally focused solely on helping intrepid trekkers survive and enjoy India's Himalayas, Global Himalayan Expeditions (GHE) is bringing safe, reliable and affordable electricity to remote mountain villages and communities in India's Kargil and Ladakh provinces that date back centuries.
* Post-Soviet era high of 11.21 million bpd hit in Nov
* Russian output up 500,000 bpd since Aug
* Most OPEC members to cut from Oct levels
* First joint cut between OPEC and Russia since 2001
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