Energy Update
MELBOURNE, Nov 30 (Reuters) - Australia is targeting the oil
and gas industry for a tax review ahead of next year's budget,
in a push to boost revenue after a sharp slump over the past
three years and collect more from multinational giants.
ITU ABA, South China Sea, Nov 30 (Reuters) - Taiwan held
rescue drills on Tuesday off the coast of its sole outpost in
the Spratly Islands of the South China Sea, but the biggest
claimant in the disputed waters kept uncharacteristically quiet.
* Kerosene sales seen firm in Dec as cold continues
* JX sees domestic kerosene sales seen up 25 pct yr/yr
MELBOURNE, Nov 30 (Reuters) - Australia is targeting the oil
and gas industry for a tax review ahead of next year's budget,
in a push to boost revenue after a sharp slump over the past
three years and collect more from multinational giants.
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.
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