Energy Update
LONDON, Nov 24 (Reuters) - Australia's South32, the
mining company spun off from BHP Billiton, in
2015, will avoid buying thermal coal because of uncertainties
over demand linked to climate concerns, the company said on
Thursday.
LONDON, Nov 24 (Reuters) - The world's listed oil companies
have slashed oil output by 2.4 percent so far this year during
one of the industry's worst downturns as OPEC battles to agree
on its first production cut since 2008.
SYDNEY, Nov 24 (Reuters) - Rio Tinto Chief
Executive Jean-Sébastien Jacques on Wednesday admitted he didn't
see the recent meteoric rise in coal prices coming. But he is
already predicting the fall.
BEIJING, Nov 24 (Reuters) - At least 40 people have died and
others are still trapped after a platform under construction at
a power plant's cooling tower in eastern China's Jiangxi
province collapsed on Thursday, state news agency Xinhua said.
LAUNCESTON, Australia, Nov 24 (Reuters) - As the
once-in-a-lifetime commodity boom winds down, a key concern has
been what is going to replace the mega-projects built to feed
China's appetite for natural resources.
LAUNCESTON, Australia, Nov 24 (Reuters) - As the
once-in-a-lifetime commodity boom winds down, a key concern has
been what is going to replace the mega-projects built to feed
China's appetite for natural resources.
TOKYO, Nov 24 (Reuters) - Investment in new oil production
is likely to fall for a third year in 2017 as a global supply
glut persists, stoking volatility in crude markets, the head of
the International Energy Agency (IEA) said on Thursday.
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