Energy Update
MUMBAI, Nov 30 (Reuters) - Indian Strategic Petroleum
Reserves Ltd (ISPRL), the government-owned company mandated to
store crude oil for emergency needs, has invited initial bids to
fill its storage facility in the southern state of Karnataka.
MOSCOW, Nov 30 (Reuters) - Russia is ready to cut oil
production "gradually" by up to 300,000 barrels per day (bpd) in
the first half of next year as part of an agreement with OPEC,
Russian Energy Minister Alexander Novak said on Wednesday.
PARIS, Nov 30 (Reuters) - European biofuel producers said a
proposal by Brussels to nearly halve the level of crop-based
biofuel used in the European Union by 2030 was a U-turn in
policy that would threaten jobs and boost animal feed and crude
oil imports.
ALMATY, Kazakhstan, Nov 30 (Reuters) - A Kazakhstan energy
ministry spokesman said late on Wednesday his ministry had no
immediate comment on a deal that OPEC had reached on oil
production.
Nov 30 (Reuters) - British miner Anglo American Plc
said on Wednesday it would sell its stake in South African
diversified miner Exxaro Resources Ltd and use the
proceeds to reduce debt.
NEW YORK/HOUSTON, Nov 30 (Reuters) - In a corner of the
prolific Bakken shale play in North Dakota, oil companies can
now pump crude at a price almost as low as that enjoyed by OPEC
giants Iran and Iraq.
Nov 30 (Reuters) - U.S. crude oil stockpiles fell
unexpectedly last week, while distillate inventories rose
sharply, the Energy Information Administration's data showed on
Wednesday.
UNITED NATIONS, Nov 30 (Reuters) - The United Nations
Security Council imposed new sanctions on North Korea on
Wednesday aimed at cutting the Asian country's annual export
revenue by a quarter in response to Pyongyang's fifth and
largest nuclear test in September.
JOHANNESBURG, Nov 30 (Reuters) - Eskom veteran Matshela Koko
has been appointed acting chief executive of South Africa's sole
power utility with effect from Dec. 1, the Public Enterprises
Minister said on Wednesday.
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