Energy Update
By Sandhya Sampath
Nov 3 (Reuters) - Southeast Asian stock markets ended lower
on Thursday, as investors remained cautious ahead of the U.S.
presidential election, with the Philippine index falling more
than 1 percent to its lowest close in nearly six months.
Narrowing polls have led markets to price in more risk that
Donald Trump might defeat his Democratic rival Hillary Clinton.
Although the question of climate change has been raised a lot lately, it has been mostly by movie stars, pundits and bloggers like me asking: “why the candidates aren’t talking about it?” Inconvenient though it may be, I don’t think it particularly surprising.
DUBAI, Nov 3 (Reuters) - Most Gulf stock markets moved
little early on Thursday but Qatar's index fell after it broke
technical support while Saudi Arabia's bourse continued to
outperform the region.
MADRID, Nov 3 (Reuters) - Repsol on Thursday
reported a higher-than-expected third-quarter profit and raised
its 2016 cost-savings target by 300 million euros to 1.4 billion
euros ($1.56 billion).
BEIJING, Nov 3 (Reuters) - China's state planner has called
coal producers to a meeting on Thursday, its fourth last-minute
gathering with the industry in two weeks, to admonish them for
not doing enough to calm the red-hot market, according to a
document seen by Reuters.
(Corrects "Previous Close" and "Pct Move" figures for Manila in
table)
By Sandhya Sampath
Nov 3 (Reuters) - Philippine shares extended declines for a
ninth straight session on Thursday as investors remained
cautious ahead of the U.S. presidential election, and as
excitement around the market debut of Pilipinas Shell Petroleum
Corp fizzled out.
Investor sentiment weakened as narrowing polls have led
(Thu, 03 Nov 2016) On the afternoon of October 31, an explosion occurred on the Colonial Pipeline Line 1, which carries gasoline from the Gulf Coast to as far east and north as North Carolina and is a key supply source for several states in between and beyond. This is the second major disruption of Colonial Line 1 in less than two months.
SHANGHAI, Nov 3 (Reuters) - China National Coal Group Corp
(ChinaCoal), China's second-largest state-owned coal producer
after Shenhua Group, will cut its thermal coal price by 10 yuan
($1.48) per tonne from Thursday, as it expects rising coal
production to ease prices, a government newspaper reported.
Nov 3 (Reuters) - Australian shares were flat on Thursday,
after Wall Street fell for a seventh straight session, with
investors bracing for the prospect of a hike in U.S. interest
rates in December as well as volatility stemming from a tense
U.S. election campaign.
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