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Airline Industry's Low-Carbon Future Needs Fuel Nobody Makes in Volume

The airline industry’s plan to ease its impact on global warming hinges on fuels made from vegetable oil, corn and household garbage. The hitch: nobody has ever been able to produce the stuff in the volumes needed.

REUTERS SUMMIT-Oil trader Vitol says US assets may have become too pricey

LONDON, Oct 10 (Reuters) - Trading house Vitol believes
physical oil assets in the United States may have become a bit
too pricey, potentially cooling appetite for them among trading
houses that once viewed the U.S. oil industry as a prime
acquisition target.

REUTERS SUMMIT-Vitol sees no oil market supply balance before second half of 2017

LONDON, Oct 10 (Reuters) - The oil market may see supply and
demand rebalance if OPEC and Russia deliver a meaningful enough
production cut, but it will still take until the second half of
2017, Vitol chief executive Ian Taylor said on
Monday.

Erdogan says second TurkStream stage depends on European market conditions

ISTANBUL, Oct 10 (Reuters) - Work on the TurkStream natural
gas pipeline project is continuing and and development of the
second stage of the project will depend on natural gas market
conditions in Europe, President Tayyip Erdogan said on Monday.

UPDATE 1-Putin says Russia ready to join OPEC output freeze

ISTANBUL, Oct 10 (Reuters) - Russia is ready to join a
proposed cap on oil output by OPEC members, Russian President
Vladimir Putin told an energy congress on Monday.

Nigeria's revenues fall far short in first half of year-minister

ABUJA, Oct 10 (Reuters) - Nigeria managed to raise only 55
percent of its six-month revenue target in the first six months
of 2016, its budget minister said on Monday.

REUTERS SUMMIT-Vitol chief who opposed Brexit says weak pound helps costs

LONDON, Oct 10 (Reuters) - The head of energy trader Vitol
who helped fund the unsuccessful campaign to keep Britain in the
European Union said on Monday the pound's demise since the
Brexit vote has helped to lower costs for his London offices.

COLUMN-Saudi Arabia squeezes hedge funds with bearish bets on oil: Kemp

LONDON, Oct 10 (Reuters) - Saudi Arabia successfully
confounded hedge funds with bearish views on oil by reaching an
unexpected production deal with OPEC members in Algiers on Sept.
28, sending prices soaring in a short-covering rally.

Fuel for Thought: First Nations flex muscles in US, Canada pipeline debate

First Nations tribes in Canada and the US have started flexing their muscles, successfully delaying pipeline projects on both sides of the border.

UPDATE 1-Bulgaria watchdog accuses six oil firms of price-fixing

SOFIA, Oct 10 (Reuters) - Bulgaria's anti-monopoly
commission on Monday accused six oil companies operating on its
retail fuel market of involvement in cartel agreements on fuel
prices.

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