Energy Update

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DUBAI, Nov 26 (Reuters) - Iran is optimistic about OPEC
reaching an agreement and plans to announce its own decision
about any output curbs at the group's meeting next week, Iranian
Oil Minister Bijan Zanganeh said on the ministry's official
website SHANA.

FRANKFURT, Nov 26 (Reuters) - German trains-to-turbines
group Siemens is well placed to do business in the
United States, regardless of whether President-elect Donald
Trump backs fossil-fuels at the expense of renewable energy, its
CEO told a newspaper.

KUWAIT, Nov 26 (Reuters) - Kuwaitis voted on Saturday in an
election energised by the participation of opposition candidates
for the first time since 2012 and focused on recent government
austerity measures aimed at tackling the oil-rich nation's
deficit.

* Climate accord will not hit reserve valuations, boss tells
newspaper

SHANGHAI, Nov 26 (Reuters) - China on Saturday formally
launched a state-backed commodity trading centre in Shanghai, as
the world's top energy consumer looks to race ahead of other
countries such as Tokyo and Singapore to become Asia's main gas
pricing hub.

Nov 25 (Reuters) - The U.N. Security Council's five veto
powers are close to approving new sanctions on North Korea to
cut the isolated state's earnings from exports by more than a
quarter, principally by targeting its coal exports to China,
diplomats said on Friday.

Nov 25 (Reuters) - The U.N. Security Council's five veto
powers are close to approving new sanctions on North Korea to
cut the isolated state's earnings from exports by more than a
quarter, principally by targeting its coal exports to China,
diplomats said on Friday.

* Eight of TSX's 10 main groups end higher; energy off 1.7
pct

TORONTO, Nov 25 (Reuters) - Canada will require reduced
carbon footprints for all fuels so that the country can achieve
a 30-megatonne cut in greenhouse gas emissions by 2030, the
country's environment department said on Friday.

TORONTO, Nov 25 (Reuters) - Canada will require reduced
carbon footprints for all fuels so that the country can achieve
a 30-megatonne cut in greenhouse gas emissions by 2030, the
country's environment department said on Friday.

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