Energy Update

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TORONTO, Oct 21 (Reuters) - Canada's main stock index rose
to a 16-month high on Friday as shares of energy and materials
companies led broad-based gains and investors raised bets on a
rate cut from the Bank of Canada.

OTTAWA, Oct 21 (Reuters) - Canadian Prime Minister Justin
Trudeau is usually greeted by cheering crowds when he goes out
in public but received a less pleasant welcome in Hamilton on
Friday - a handful of pumpkin seeds thrown by a green activist.

BUENOS AIRES, Oct 21 (Reuters) - Companies that ship grains
from Argentina including Glencore, Cargill, Cofco, and Bunge,
will invest some $1.2 billion over three years to improve
infrastructure in the main port network of Rosario, the
government said on Friday.

CARACAS, Oct 21 (Reuters) - Outraged opposition leaders
vowed on Friday to focus their battle to remove socialist
President Nicolas Maduro on peaceful street protests after
judicial and electoral authorities shot down their drive for a
referendum against him.

MUMBAI, Oct 21 (Reuters) - India's telecoms regulator on
Friday recommended the top three network operators be fined a
combined 30.5 billion rupees ($455 million), saying they were
denying new entrant Reliance Jio sufficient interconnection
points.

(Adds benchmarks, additions in Permian)
Oct 21 (Reuters) - The number of rigs drilling for oil in
the United States this week rose by the most in two months,
extending its second-best streak of no cuts into a 17th straight
week, with analysts expecting more additions as crude prices
hold over $50 a barrel.
Drillers added 11 oil rigs in the week to Oct. 21, bringing
the total count up to 443, the most since February, but still

Oct 21 (Reuters) - The number of rigs drilling for oil in
the United States rose again this week, extending its
second-best streak of no cuts into a 17th straight week, with
analysts expecting more additions as crude prices hold over $50
a barrel.
Drillers added 11 oil rigs in the week to Oct. 21, bringing
the total count up to 443, the most since February, but still
below the 594 rigs seen a year ago, according to energy services

ASHGABAT, Oct 21 (Reuters) - Turkmenistan's gross domestic
product growth slowed to 6.2 percent in January-September from
7.5 percent a year earlier, the Central Asian nation's state
news agency reported on Friday.

NEW YORK, Oct 21 (Reuters) - A group of SunEdison Inc
lenders took control of the renewable energy
developer after inking a "sweetheart deal" to try to save their
investment as the company approached bankruptcy, hurting other
creditors, according to a lawsuit filed late Thursday in U.S.
bankruptcy court.

BAKU, Oct 21 (Reuters) - Oil and gas exporter Azerbaijan
said on Friday its economy would contract by 2.8 percent this
year, dramatically revising down its previous forecast, which
was for gross domestic product to grow 1.8 percent in 2016.

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