Energy Update
TOKYO, Nov 1 (Reuters) - Oil prices edged higher from
one-month lows in early trading in Asia on Tuesday after OPEC
agreed on a long-term strategy that was seen as an indication
the cartel was reaching a consensus on managing production.
HELENA, Ala., Oct 31 (Reuters) - Colonial Pipeline Co
shut down its main gasoline and distillates pipelines
on Monday after an explosion and fire in Shelby, Alabama, that
injured seven workers - the second time in two months it had to
close the crucial supply line to the U.S. East Coast.
LONDON, Oct 31 (Reuters) - Oil prices are set to remain
under pressure until Saudi Arabia and the rest of OPEC prove
they can show how they will remove enough barrels from the
market to accelerate the rebalancing process.
TOKYO, Nov 1 (Reuters) - Oil prices edged higher from
one-month lows in early trading in Asia on Tuesday after OPEC
agreed on a long-term strategy that was seen as an indication
the cartel was reaching a consensus on managing production.
International Western Petroleum has decided to work with a technology company providing a Organic Oil Recovery (OOR) process which can release trapped oil without exploration risks.
The Nigerian National Petroleum (NNPC) has said about $51bn investment opportunities exist in the midstream and downstream gas sector to achieve the growth phase in Nigeria.
Oct 31 (Reuters) - A demonstrator protesting last week at
the construction site of an oil pipeline in North Dakota was
charged on Monday with the attempted murder of a law enforcement
officer, according to court documents.
Oct 31 (Reuters) - Thousands of supporters of a Native
American tribe and environmental activists fighting construction
of an oil pipeline in North Dakota turned to social media on
Monday in a bid to confuse police who they believe are using it
to track the protesters.
MONTREAL, Oct 31 (Reuters) - Too many Canadian train crews,
particularly on freight lines, are not getting sufficient rest
and railroads need to do more to apply fatigue science to
scheduling, the country's transport safety watchdog said on
Monday.
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