Energy Update
SINGAPORE/TOKYO, Nov 29 (Reuters) - For the first time since
2008, OPEC is set to strike a deal to cut oil output that may
boost prices. It may also give itself a bloody nose in Asia,
where big buyers are ramping up supplies from elsewhere and say
they don't want to pay more for fuel.
SINGAPORE, Nov 30 (Reuters) - Oil markets were jittery on
Wednesday ahead of an OPEC meeting later in the day, with
members of the producer cartel trying to thrash out an output
cut to curb oversupply that has seen prices more than halve
since 2014.
OTTAWA, Nov 29 (Reuters) - Canada on Tuesday approved Kinder
Morgan Inc's hotly contested plan to build a pipeline
from the Alberta oil sands to the Pacific coast, setting up a
battle with environmentalists who helped elect Prime Minister
Justin Trudeau.
LONDON, Nov 30 (Reuters) - Azeri state oil company Socar's
trading division has hired three new crude traders who will be
based in London with a view to targeting the Chinese market, its
chief executive told Reuters on Tuesday.
BRUSSELS, Nov 30 (Reuters) - EU regulators will unveil
reforms on Wednesday to promote a greater share of renewables in
Europe's grid by 2030, with plans to cut energy use by 30
percent, phase out subsidies for coal-fired plants and enforce
greater cross-border trade.
Aker BP, one of Europe’s largest independent oil companies, has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf.
Hyperdynamics has signed a definitive drilling services contract with a subsidiary of Pacific Drilling to engage the Pacific Bora drillship to begin a drilling campaign offshore Guinea in the second quarter of 2017.
NEW YORK, Nov 29 (Reuters) - Oil traders piled into bullish
option contracts in U.S. crude on Tuesday, even as doubt
surfaced over whether the world's top producers would be
successful in hammering out a deal to curb production.
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