Energy Update
CAPE TOWN, Nov 7 (Reuters) - Somalia looks more likely to
strike oil than gas in its long pursuit of offshore riches,
making it easier for the African state to exploit any windfall
but also potentially upsetting the fragile recovery led by its
Western-backed government.
NEW YORK, Nov 7 (Reuters) - A deal struck in 2012 to save
the U.S. East Coast's oldest and largest refinery seemed to have
all of the right elements for success: private investors, big
oil and taxpayer funding, and the promise of a private-public
partnership that would help job growth and consumers.
Election day in the United States is tomorrow, and we’re taking a closer look at how oil prices change right after a new American president is chosen.
LONDON, Nov 7 (Reuters) - UK shares rose on Monday as mining
stocks rallied after the FBI cleared Hillary Clinton in an email
review, giving underlying commodities a boost, while banks were
led higher by a jump in HSBC shares after it reported results.
MILAN, Nov 7 (Reuters) - Italy's biggest gas distributor
Italgas pledged to pay higher dividends as it returned
to the Milan stock market on Monday after a 13-year absence.
KUALA LUMPUR, Nov 7 (Reuters) - Some activist groups are
withdrawing support for the palm oil body that provides
sustainability certificates for the industry, saying it is
biased towards producers and its complaints panel is flawed.
CAIRO/ABU DHABI, Nov 7 (Reuters) - Saudi Arabia has informed
Egypt that shipments of oil products expected under a $23
billion aid deal would be halted indefinitely, suggesting a
deepening rift between the Arab world's richest country and its
most populous.
DOHA, Nov 7 (Reuters) - Qatar will raise the salaries of
government employees next year in a rare spending hike by a Gulf
state at a time when low oil and gas prices are weighing on
state finances.
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