Energy Update

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SINGAPORE, Nov 21 (Reuters) - Oil prices rose around 1
percent on Monday as producer cartel OPEC moved closer to an
output cut to rein oversupply that has kept prices low for over
two years.

LIMA, Nov 20 (Reuters) - A criminal case against Russia's
former Economy Minister Alexei Ulyukayev has no impact on
ongoing privatisation deals, including the stake sale in oil
firm Rosneft, Russian President Vladimir Putin said on
Sunday.

SANTIAGO, Nov 20 (Reuters) - A strong quake hit western
Argentina, shaking buildings as far away as Santiago, the
capital of neighboring Chile, though there were no reports of
damage to people, infrastructure or basic services.

LIMA, Nov 20 (Reuters) - Russia is ready to freeze its oil
output - among the world's highest - at current level as there
would be no problems for Moscow to do so, Russian President
Vladimir Putin said on Sunday.

LIMA, Nov 20 (Reuters) - Russian President Vladimir Putin
said on Sunday U.S. President-elect Donald Trump confirmed to
him he was willing to mend ties, though he also said he would
welcome President Barack Obama in Russia.

LIMA, Nov 20 (Reuters) - U.S. President Barack Obama and his
Russian counterpart Vladimir Putin spoke for around four minutes
on Sunday at the APEC summit about Syria and Ukraine, in what is
likely to be their last in-person meeting before Obama leaves
office.

LIMA, Nov 20 (Reuters) - U.S. President Barack Obama and
Russian President Vladimir Putin spoke to each other at the APEC
summit in Peru's capital Lima on Sunday, before greeting other
Asia-Pacific leaders and sitting down for a meeting.

JAKARTA, Nov 20 (Reuters) - A well-connected Indonesian
marine renewable energy company and OpenHydro, a unit of French
state-owned naval defence company DCNS, aim to be the first to
plug into the vast untapped tidal energy potential of the
world's biggest archipelago.

JAKARTA, Nov 20 (Reuters) - Indonesia's biggest copper miner
PT Freeport Indonesia has appointed former Indonesian air force
chief of staff Chappy Hakim as its new chief executive, company
spokesman said on Sunday.

LIMA, Nov 19 (Reuters) - Chinese President Xi Jinping on
Saturday called for a "smooth transition" in Beijing's
relationship with Washington and praised outgoing President
Barack Obama for strengthening ties between the two nations.

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