Energy Update
SINGAPORE, Nov 22 (Reuters) - Oil prices rose to their
highest level since October on Tuesday as the market priced in a
potential output cut led by producer cartel OPEC, although
analysts warned that a failure to agree a cut could lead to a
ballooning supply overhang by early 2017.
CHICAGO, Nov 21 (Reuters) - Spanish renewable energy and
engineering firm Abengoa SA has asked a U.S. bankruptcy
court to enjoin legal action and future claims by creditors who
are unsatisfied with a high-stakes plan to restructure $10
billion of debt.
Nov 21 (Reuters) - Tesoro Logistics LP said it
would buy some oil, natural gas and other gathering systems in
North Dakota for about $700 million, and will also acquire
terminal and storage assets from major shareholder Tesoro Corp
for about $400 million.
WASHINGTON, Nov 21 (Reuters) - U.S. President-elect Donald
Trump released a video on Monday laying out actions he will take
on his first day in office on Jan. 20, including withdrawing the
United States from a Trans-Pacific Partnership trade deal.
BENGHAZI, Libya, Nov 21 (Reuters) - At least three children
were killed and 20 people wounded by a blast in the Libyan city
of Benghazi on Monday, witnesses and a medical official said.
CARACAS, Nov 21 (Reuters) - Venezuelan state oil company
PDVSA has activated a 30-day grace period for $404 million in
interest payments on its 2021, 2024 and 2035 bonds, JPMorgan
analysts said in a report on Monday.
TORONTO, Nov 21 (Reuters) - Canada will speed up plans to
virtually eliminate traditional coal-fired electricity by 2030,
the government said on Monday, a stance contrasting sharply with
that of U.S. President-elect Donald Trump, who has pledged to
revive the sector.
WASHINGTON, Nov 21 (Reuters) - President-elect Donald
Trump's shortlist of candidates to lead the U.S. Department of
Interior has employees and environmental advocates fearful of a
shift in the agency's direction, from one focused on preserving
public lands to one that would open them up to more drilling and
mining.
(Adds additional comment from Standing Rock Sioux)
By Chris Michaud and Stephanie Keith
NEW YORK/CANNON BALL, N.D., Nov 21 (Reuters) - Police fired
tear gas and water at hundreds of protesters in the freezing
North Dakota weather late Sunday and early Monday, in the latest
violent clash over a pipeline project running through the state.
An estimated 400 protesters mounted the Backwater Bridge
BRASILIA, Nov 21 (Reuters) - President Michel Temer has
decided his minister in charge of relations with Congress will
continue in his post despite allegations he pressed another
cabinet member to allow a luxury building in a historic
preservation area, a spokesman said on Monday.
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