Energy Update

MOSCOW, Nov 15 (Reuters) - Russian Prime Minister Dmitry
Medvedev has called for painstaking investigation over detention
of Economy Minister Alexei Ulyukayev, Russian news agencies said
on Tuesday.

CARACAS, Nov 15 (Reuters) - Multinational companies are
selling their Venezuelan operations at hefty discounts - or even
giving them away - as they to seek to escape the OPEC nation's
soaring inflation and chronic supply shortages.

(Tue, 15 Nov 2016) U.S. drilling activity is increasingly concentrated in the Permian Basin, which spans parts of western Texas and southeastern New Mexico. The Permian now holds nearly as many active oil rigs as the rest of the United States combined, including both onshore and offshore rigs, and it is the only region in EIA’s <em>Drilling Productivity Report</em> where crude oil production is expected to increase for the third consecutive month.

SEOUL, Nov 15 (Reuters) - South Korea's Hyundai Chemical, a
joint venture between Hyundai Oilbank Co and Lotte
Chemical, has finished building a 1.2 trillion won
($1.02 billion) condensate splitter to produce mixed xylene and
light naphtha.