Energy Update
KUALA LUMPUR, Oct 21 (Reuters) - Malaysia's Prime Minister
Najib Razak avoided broad populist measures in his budget
announcement on Friday, reassuring markets by pledging to cut
the country's large fiscal deficit and debt burden.
KUALA LUMPUR, Oct 21 (Reuters) - Palm oil production in
Malaysia, the world's second-largest producer, is forecast to
rise in 2017 by 5.6 percent from this year on better yields and
an expansion in matured areas, the government said on Friday.
KUALA LUMPUR, Oct 21 (Reuters) - Malaysia is banking on
domestic demand and a recovery in global commodities prices to
help it grow slightly faster in 2017 and reduce its large budget
deficit.
JAKARTA, Oct 21 (Reuters) - Indonesia expects to decide
within "one or two weeks" on a plan by Inpex Corp to
increase proposed output from the Masela natural gas field to
nearly four times the level originally slated, a senior energy
official said on Friday.
MOSCOW, Oct 21 (Reuters) - Search for potential investors
for a 19.5-percent stake in Rosneft that the
government plans to privatise this year is ongoing, Russia's
economy ministry said on Friday, adding the state-run oil firm
could buy some of its own shares.
(Fri, 21 Oct 2016) U.S. gross crude oil imports increased by 528,000 barrels per day (b/d), or 7%, during the first half of 2016 compared to the first half of 2015. This increase reverses a multiyear trend of decreasing U.S. crude oil imports as a result of increasing U.S. production.
BEIJING, Oct 21 (Reuters) - China exported record volumes of
diesel and gasoline in September, data showed on Friday, as oil
majors in the world's top energy market sell excess product
abroad amid slackening local demand and surging output.
BEIJING, Oct 21 (Reuters) - China's diesel and gasoline
exports jumped again in September from a year earlier, customs
data showed on Friday, as the world's top energy market
continued to look to international markets to sell its domestic
fuel excess.
SINGAPORE, Oct 21 (Reuters) - Oil prices fell on Friday,
pulled down by a stronger dollar, but traders said there were
signs that physical fuel markets were tightening after two years
of ballooning oversupply.
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