Energy Update
SEOUL, Nov 17 (Reuters) - South Korean oil and gas companies
should invest more in U.S. exploration projects to limit the
impact of possible energy policy changes planned by U.S
President-elect Donald Trump, the country's vice energy minister
said on Thursday.
CARACAS/HOUSTON, Nov 16 (Reuters) - Two consortia including
Japanese engineering firm JGC Corp and French oil services
company Technip have been shortlisted to undertake a roughly
$680 million overhaul of Aruba's refinery, according to three
sources close to the deal.
TORONTO, Nov 16 (Reuters) - Canada's main stock index fell
on Wednesday as the financials and materials groups lost ground,
while some losses for energy shares were pared as oil turned
higher.
BAGHDAD, Nov 16 (Reuters) - Kurdish Peshmerga forces "will
not retreat from areas retaken" from Islamic State militants in
Iraq, Kurdistan President Massoud Barzani said on Wednesday,
according to local Rudaw TV station.
MARRAKESH/FRANKFURT, Nov 16 (Reuters) - Renewable energy
will keep growing in the next few years as costs drop and coal
use continues to fall, despite U.S. President-elect Donald
Trump's pledge to revive the fossil fuel, investors and analysts
said.
Nov 16 (Reuters) - U.S. crude oil inventories rose more than
expected last week on increased imports and a build at the
storage hub in Cushing, Oklahoma, the U.S. Energy Information
Administration showed on Wednesday.
The US hot-rolled coil (HRC) and cut-to-length steel plate markets are currently sitting in a very unusual position due to developments since mid-year.
(Adds table)
LONDON, Nov 16 (Reuters) - Angola plans to export at least
1.61 million barrels per day (bpd) of crude oil in January,
according to a preliminary export plan, down slightly from
December.
An initial loading plan issued on Wednesday showed 52
cargoes scheduled to load in January, compared with a revised
December loading programme of 53 cargoes and 1.65 million bpd.
SOFIA, Nov 16 (Reuters) - Bulgaria's parliament approved on
Wednesday the resignation of Prime Minister Boiko Borisov's
centre-right minority government, opening the way to months of
political uncertainty and a likely snap election in early 2017.
MARRAKESH, Morocco, Nov 16 (Thomson Reuters Foundation) -
Limiting global temperature rise to 1.5 degrees Celsius, a goal
of the Paris Agreement on climate change, would avoid economic
losses by 2050 of $12 trillion, or around 10 percent of the
world's GDP, compared to staying on the current track of at
least 3 degrees of warming, the U.N. Development Programme said
on Wednesday.
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