Energy Update
KUALA LUMPUR, Nov 23 (Reuters) - Once at the heart of the
global spice trade, Malacca is pumping nearly $3 billion into an
ambitious plan to put itself in demand in a different hot
commodity - oil.
CARACAS, Nov 23 (Reuters) - Venezuela's President Nicolas
Maduro said on Wednesday an OPEC deal to cut output and hike oil
prices was "imminent," and dispatched his oil minister to Russia
to help bring other producers on board.
TORONTO, Nov 23 (Reuters) - Sharp losses among gold miners
weighed heavily on Canada's main stock index on Wednesday as the
precious metal slid to a nine-month low, with the falls
offsetting solid gains for heavyweight banks and more subdued
rises across most other sectors.
TOKYO, Nov 23 (Reuters) - A new Japanese regulatory probe
into sales restrictions for liquefied natural gas (LNG)
contracts will be at the forefront of discussion as the
industry's biggest buyers and sellers gather in Tokyo this week.
CHICAGO, Nov 23 (Reuters) - U.S. coal producer Peabody
Energy Corp said on Wednesday it is closer to exiting
bankruptcy, with a debt dispute between creditors fizzling as a
recent increase in coal prices boosts their chances for
recovery.
PARIS, Nov 23 (Reuters) - Europe should impose tariffs on
imports from countries that do not implement a global agreement
for fighting climate change, French Prime Minister Manuel Valls
said in an opinion piece published on Wednesday.
SAO PAULO, Nov 23 (Reuters) - Brazil's state-run oil company
Petroleo Brasileiro SA said on Wednesday that it
reached deals to settle 11 suits that are part of a class action
suit against the company in the New York Federal Court of the
United States.
CALGARY, Alberta, Nov 23 (Reuters) - The Canadian province
of Alberta is switching to a new power market structure to
encourage investment in electricity generation and help meet its
renewable energy targets, the government said on Wednesday.
CARACAS, Nov 23 (Reuters) - Oil-rich Venezuela's refinery
network was operating at about a third of capacity, according to
union sources and workers, as state oil company PDVSA
struggles with equipment issues after years of underinvestment.
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