Energy Update
Oct 11 (Reuters) - Record global debt levels pose a clear
risk to oil demand, the International Energy Agency said on
Tuesday, citing figures from the International Monetary Fund
last week that showed the world is awash with a record $152
trillion in debt.
FRANKFURT, Oct 11 (Reuters) - A surcharge levied on German
consumers to support renewable power will most likely rise by
around 8 percent next year, despite government efforts to scale
back support for green power, sources in the power transmission
sector said on Tuesday.
KHOBAR, Saudi Arabia, Oct 11 (Reuters) - A joint venture of
HaskoningDHV UK and Hyundai Engineering & Construction Co
has been awarded a contract to design the
infrastructure for the Ras Al Khair maritime yard in Saudi
Arabia, a statement from the firms said on Tuesday.
UNITED NATIONS, Oct 11 (Reuters) - China appears to have
pushed back on a U.S. bid to close a U.N. loophole that allows
North Korea to export coal for "livelihood purposes," saying the
well-being of North Koreans is a priority in negotiations on
possible new U.N. sanctions on Pyongyang.
LONDON, Oct 11 (Reuters) - Global oil supply could fall in
line with demand more quickly if OPEC and Russia agree to a
steep enough cut in production, but it is unclear how rapidly
this might happen, the International Energy Agency said on
Tuesday.
ALMATY, Oct 11 (Reuters) - Kazakh President Nursultan
Nazarbayev is being treated for a cold, his office said on
Tuesday, prompting speculation that the illness was diplomatic.
SEOUL, Oct 11 (Reuters) - The union that represents most
workers at Hyundai Motor Co's South Korea factories
plans to resume wage talks with management on Wednesday after
months of strikes in the automaker's worst-ever industrial
dispute, disrupting output at its key domestic production base.
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