Energy Update
NEW DELHI, Oct 6 (Reuters) - Global oil major BP will
set up 3,500 fuel stations in India, becoming the second
overseas firm drawn to the rising demand for gasoil and gasoline
in the world's fastest growing major economy.
On day one of the Tank Storage Germany 2016 conference, Michael Dei-Michei, Head of Downstream Research at JBC Energy, will be sharing insights into the outlook for refining and product demand. Here he shares a preview of his talk.
BENGHAZI, Libya, Oct 6 (Reuters) - A tanker on Thursday
loaded the first crude export cargo at Libya's Zueitina oil
terminal since late last year, a port official said.
TORONTO, Oct 6 (Reuters) - Canada's main stock index made
small gains on Thursday, with higher oil prices boosting the
energy sector, but gold miners' shares fell with the precious
metal on increased expectations that U.S. interest rates will
rise this year.
ALGIERS, Oct 6 (Reuters) - OPEC could cut production at its
late-November meeting in Vienna by another 1 percent more than
the amount agreed in Algiers last month if producers reckon it
is needed, Algerian Energy Minister Nouredine Bouterfa told
local Ennahar TV.
MOSCOW, Oct 6 (Reuters) - The Russian government on Thursday
instructed the board of state oil firm Rosneft to
approve the purchase of a 50.1 percent stake in smaller oil firm
Bashneft for a price not higher than 330 billion
roubles ($5.3 billion).
MOSCOW, Oct 6 (Reuters) - The Russian government plans to
sell a stake in top oil firm Rosneft in November, TASS
news agency cited Russian Economy Minister Alexei Ulyukayev as
saying on Thursday.
LAUNCESTON, Australia, Oct 6 (Reuters) - It's around about
now that liquefied natural gas (LNG) spot prices usually start
rising in Asia ahead of winter demand, and this year looks set
to hold to the pattern, although any relief for producers is
likely to be short-lived.
BARCELONA, Oct 6 (Thomson Reuters Foundation) - A new global
agreement to tackle climate change will take effect on Nov. 4
after the accord crossed an important threshold for support late
on Wednesday.
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