Energy Update
LONDON, Oct 13 (Reuters) - European shares fell on Thursday
as underwhelming Chinese trade data knocked down mining stocks
while Standard Life and Aegon slid on broker
downgrades.
MOSCOW, Oct 13 (Reuters) - Andrei Shishkin, a vice-president
of Russia's top oil producer Rosneft, has been
appointed as new chief executive of oil firm Bashneft,
Bashneft said on Thursday.
MOSCOW, Oct 13 (Reuters) - A stake in Russia's top oil
producer Rosneft which the government plans to sell is
most likely to be valued based on a market price for the
company's shares, RIA news agency quoted Russian Economy
Minister Alexei Ulyukayev as saying on Thursday.
LONDON, Oct 13 (Reuters) - OPEC's plan to try to limit
global oil production have served to reinforce renowned hedge
fund manager Pierre Andurand's bullish stance on the prospects
for crude prices.
HAMBURG, Oct 13 (Reuters) - Suedzucker, Europe's
largest sugar refiner, on Thursday said rising sugar prices
helped it post an 81 percent jump in first-half net profit at
155 million euros ($173.6 million).
DHAKA, Oct 13 (Reuters) - Chevron Corp confirmed
that the company is in "commercial discussions" regarding its
Bangladesh assets, as the second-largest U.S. energy company
moves forward with plans to sell assets amid a prolonged slump
in energy prices.
BEIJING, Oct 13 (Reuters) - China went on an unexpectedly
big buying spree for crude oil, coal and iron ore last month,
customs data showed on Thursday, even as Beijing cools its
overheated property market and concerns linger about the health
of the world's No. 2 economy.
Worldwide polyethylene production is seen to grow from 84.7 million mt in 2015 to 121 million mt by 2026.
(Thu, 13 Oct 2016) Most U.S. households can expect higher heating expenditures this winter (October through March) compared with last winter, according to EIA's Winter Fuels Outlook. Winter heating expenditures for most fuels were especially low last winter, when energy prices were relatively low and warm weather reduced heating demand to the lowest level nationally in at least 25 years.
(Thu, 13 Oct 2016) Preliminary estimates for the 2014 Manufacturing Energy Consumption Survey (MECS) show that the total U.S. manufacturing energy consumption increased about 3.7% between 2010 and 2014. This is the first measured 4-year increase in manufacturing energy consumption since 2002. More detailed data tables and analysis of the 2014 MECS will be released in 2017.
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