Energy Update
ISTANBUL, Oct 5 (Reuters) - Turkish Foreign Minister Mevlut
Cavusoglu said the Bashiqa camp in Iraq, at the centre of a
dispute between the two neighbours, had been set up to train
local forces in fight against Islamic State and Baghdad knew it
had been established.
NEW YORK, Oct 5 (Reuters) - The Organization of the
Petroleum Exporting Countries' decision to embrace production
cuts will help move crude prices toward a target of $50 to $60
per barrel, Gary Ross, chairman of consultancy PIRA Energy
Group, told reporters on Wednesday.
MILAN, Oct 5 (Reuters) - Italian gas grid company Snam
has signed an agreement with Fiat Chrysler Automobiles
(FCA) and truck maker IVECO to boost the use
of compressed natural gas (CNG) in fueling vehicles.
NEW YORK, Oct 5 (Reuters) - OPEC's policy shift to embrace
oil production cuts will help move crude prices toward a target
of $50 to $60 per barrel range, PIRA Energy Group chairman Gary
Ross told reporters on Wednesday at a press conference.
Oct 5 (Reuters) - California state regulators have reduced
the required amount of natural gas that must be available for
withdrawal from the Aliso Canyon storage facility, which
Southern California Gas said could hasten the return to service
of the field that was shut after a massive methane leak in 2015.
FRANKFURT, Oct 5 (Reuters) - Utility RWE is
expected to price the shares of Innogy, which bundles its
renewables, network and retail units, at the upper end of the
target range, Innogy said on Wednesday, signalling strong demand
for Germany's largest IPO since 2000.
Oct 5 (Reuters) - U.S. crude stockpiles fell last week for
the fifth time in a row despite slowing refinery activity,
although overall oil inventories remained at their highest in
this century, the U.S. Energy Information Administration said on
Wednesday.
SOFIA, Oct 5 (Reuters) - Bulgaria could take up to a 25
percent stake in a project to build a liquefied natural gas
(LNG) terminal off the coast of northern Greece, the Bulgarian
energy minister said on Wednesday.
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