Energy Update

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DUBAI, Oct 27 (Reuters) - Tough negotiations await a group
of OPEC experts as they meet their counterparts from other oil
producers such as Russia on Oct. 28-29 to hammer out details of
an output-capping agreement, with disagreements threatening to
scupper the deal.

LAGOS/LONDON, Nigeria, Oct 27 (Reuters) - An angry crowd
blocks access to a Chevron facility in Nigeria's
oil-producing south to demand jobs and housing, a common refrain
from poor communities in the Niger Delta swamps.

MOSCOW, Oct 27 (Reuters) - Russia's government wants to sell
a state stake in oil giant Rosneft to "real investors"
but may force the company to buy its own shares to prop up the
country's budget, First Deputy Prime Minister Igor Shuvalov said
on Thursday.

U.S. homeowners, businesses and institutions alike rely on utilities to provide consistent, affordable electricity. These consumers increasingly want renewable power, but our current markets prevent many of them from getting it.

Oct 27 (Reuters) - Marathon Petroleum Corp reported
a smaller-than-expected quarterly profit as lower margins and
realized prices continued to hurt its earnings.

LAUNCESTON, Australia, Oct 27 (Reuters) - One of the
enduring features of pricing for crude oil and products is the
tug-of-war between long-term structural drivers and short-term
factors, a scenario currently being played out in Asian fuel
markets.

FRANKFURT/MILAN, Oct 27 (Reuters) - Deepening setbacks to
France's nuclear reactors have shaken confidence in Europe's
wholesale electricity markets as traders push winter prices to
new highs in anticipation of fresh outages and tight supply.

Oct 27 (Reuters) - ConocoPhillips reported a
smaller-than-expected quarterly loss, helped by lower expenses,
and cut its capital budget forecast for the year.

LONDON, Oct 27 (Reuters) - Warmer than normal weather is
forecast to persist across the United States well into November,
which has sent gas prices tumbling, reversing an earlier rally.

Oct 27 (Reuters) - Husky Energy Inc, Canada's No. 3
integrated oil company, reported a bigger-than-expected
quarterly loss as weak crude oil prices continued to eat into
profits.

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