Energy Update
ISTANBUL, Dec 1 (Reuters) - An executive of Turkey's Dogan
Holding has been detained in an investigation related to July's
failed coup, state media reported on Thursday, sending the
company's shares tumbling on fears it could be a target in the
government's crackdown.
MUMBAI, Dec 1 (Reuters) - India's Reliance Industries
said its telecoms unit Jio will extend its free data
service to all new and existing customers till March 2017, in a
bid to attract more customers to its 4G telecom service amid
stiff competition from incumbents.
SINGAPORE, Dec 1 (Reuters) - Trading volumes of Brent crude
oil futures pulverised records on Thursday after some of the
world's top producers on Wednesday struck a deal to cut output
for the first time since 2008, seeking to bolster prices stuck
at historically modest levels.
LONDON, Dec 1 (Reuters) - Commodities trader and miner
Glencore > said on Thursday it would pay out $1 billion
in basic dividends in 2017, had exceeded asset sales targets and
would meet its goal this year to cut net debt.
LONDON, Dec 1 (Reuters) - Glencore > said on
Thursday it had sold assets worth $6.3 billion this year,
compared with previous guidance of $1-2 billion, and its debt
reduction plan was nearly completed.
JAKARTA, Dec 1 (Reuters) - Indonesia has suspended its
membership of the Organization of Petroleum Exporting Countries
(OPEC), less than a year after rejoining the cartel, as the net
oil importer said it could not agree to the group's production
cuts.
SYDNEY, Dec 1 (Reuters) - BHP Billiton
said on Thursday that its Olympic Dam copper mine was without
power for four hours due to a blackout in the state of South
Australia.
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