Energy Update
BRATISLAVA, Dec 1 (Reuters) - Oil markets are entering a
period of greater volatility after OPEC's decision to cut
output, International Energy Agency chief Fatih Birol said on
Thursday.
GENEVA, Dec 1 (Reuters) - Ethnic cleansing is taking place
in some areas of South Sudan, where the stage is set for a
repeat of the Rwandan genocide, the head of the U.N. commission
of human rights in the country said in a statement on Thursday
at the end of a 10-day visit.
BOGOTA, Dec 1 (Reuters) - The Colombian government said its
peace negotiations with the National Liberation Army (ELN) were
postponed to Jan. 10 while the guerrilla force conducts internal
consultations and is to free a kidnapped politician.
PARIS, Dec 1 (Reuters) - Power cuts in France are more
likely this winter because of problems with electricity cables
linking the country to the United Kingdom and prolonged outages
at nuclear reactors, French power grid operator RTE said on
Thursday.
WARSAW, Dec 1 (Reuters) - Shareholders in Polish state-run
coking coal producer JSW agreed on Thursday to transfer
its most troubled mine Krupinski to the state mining
restructuring company SRK, which will eventually wind it down,
the state-run news agency said.
LONDON, Dec 1 (Reuters) - OPEC has reached an agreement to
cut its oil output by almost 1.2 million barrels per day and
been rewarded with an increase in nearby futures prices of
around $5 per barrel.
To their surprise, delegates and speakers flying into Mumbai last month for Platts Steel Markets Asia conference were witnesses to history in the making.
MOSCOW, Dec 1 (Reuters) - Russia plans to cut its oil output
from November-December levels as a part of its agreement to
stabilise global oil market together with OPEC, Energy Minister
Alexander Novak told reporters on Thursday.
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