Energy Update
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.
LONDON, Nov 16 (Reuters) - U.S. shale oil producers will
increase their output if oil prices hit $60 a barrel, meaning
OPEC will have to walk a fine line if it curtails production to
prop up prices, the head of the International Energy Agency
(IEA) said.
MARRAKESH, Morocco, Nov 16 (Reuters) - U.S. Secretary of
State John Kerry said in a speech on Wednesday at an
international climate conference that he could not speculate on
President-elect Donald Trump's climate policies but that his
views might change when he is in office.
Nov 16 (Reuters) - Aggreko Plc, the world's largest
temporary power provider, said it was reviewing the value of its
North American fleet of oil and gas generators after further
weakness in that market dragged down its third-quarter
underlying revenue.
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