Energy Update
(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 EIAâs <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.
SINGAPORE, Nov 15 (Reuters) - U.S. oil prices rose on
Tuesday to move away from a nearly two-month low struck the day
before, pushed higher by expectations of falling shale output
and renewed optimism that OPEC will deliver on touted production
cuts.
LONDON, Nov 14 (Reuters) - President Barack Obama's
administration has been blamed for the closure of a record
number of coal-fired power plants across and heavy job losses in
the mining industry.
MOSCOW, Nov 15 (Reuters) - Russian Economy Minister Alexei
Ulyukayev has been detained over a $2-million bribe allegedly
received for a "positive" assessment, which led to oil producer
Rosneft acquiring a 50 percent stake in Bashneft
, the country's Investigative Committee said on
Tuesday.
Nov 14 (Reuters) - Federal authorities deferred a final
decision on a controversial North Dakota section of the Dakota
Access Pipeline on Monday in a statement that highlighted
concerns about the "repeated" dispossession of tribal lands in
the country's past.
MOSCOW, Nov 15 (Reuters) - Russian Economy Minister Alexei
Ulyukayev has been detained over a $2 million bribe allegedly
received for a "positive" assessment, which led to oil producer
Rosneft acquiring 50 percent stake in Bashneft
, the Investigative Committee said on Tuesday.
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