Energy Update
(Wed, 02 Nov 2016) As a member of the Organization of the Petroleum Exporting Countries (OPEC), Kuwait was the world's 10th-largest producer of petroleum and other liquids in 2015, and it was the fifth-largest producer of crude oil among the 14 OPEC members. Despite its relatively small geographic size (about 6,900 square miles), in terms of production, it only trailed Saudi Arabia, Iraq, Iran, and the United Arab Emirates in production of petroleum and other liquids in 2015.
BEIJING, Nov 2 (Reuters) - Malaysian Prime Minister Najib
Razak said that former colonial powers should not lecture
countries they once exploited on their internal affairs, a
Chinese newspaper reported on Wednesday, in a veiled attack on
the West as he looks to strengthen ties with China.
BEIJING, Nov 2 (Reuters) - Commodity trader Guangdong
Zhenrong Energy Co. Ltd is in talks to secure funding for a $5.5
billion plan to upgrade a Caribbean oil refinery and build a
natural gas terminal, giving China a foothold in a strategic oil
hub.
HELENA, Alabama, Nov 1 (Reuters) - The column of fire
burning from the punctured Colonial Pipeline on
Monday afternoon reached 150 feet (45 metres) above the 75-foot
tall trees in dense forest 12 miles (19 km) south of Helena,
Alabama, the deputy chief of the town's fire department said on
Tuesday.
LONDON, Nov 1 (Reuters) - U.S. natural gas production may be
stabilising or even starting to rise as the boost to oil and gas
prices in recent months stimulates an increase in new drilling.
Nov 1 (Reuters) - The head of a Native American tribe that
has led months of demonstrations against the construction of an
oil pipeline in North Dakota said on Tuesday the group would
keep up its protests through the state's bitter winter.
SYDNEY, Nov 2 (Reuters) - New Caledonia nickel producer
Societe Le Nickel, a subsidiary of French conglomerate Eramet
, on Wednesday said a series of explosions at a smelter
had temporarily disrupted output earlier this week.
RIYADH, Nov 2 (Reuters) - Saudi Aramco expects oil prices to
rebound in the first half of 2017 and for demand to remain
healthy following two years of painfully low prices, the
state-owned producer's Chief Executive Officer Amin Nasser said
on Tuesday.
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