Energy Update
SYDNEY, Sept 30 (Reuters) - The world's fourth biggest
copper deposit Australia's Olympic Dam remained indefinitely
idle on Friday and production at some of the country's major
steelworks halted, after a massive power outage, disrupting
supply lines of raw materials to Asia.
BEIJING, Sept 30 (Reuters) - China has set its
fourth-quarter fuel export quota for refiners at a total of 3.47
million tonnes, bringing the year's total to 46.075 million
tonnes.
MOSCOW, Sept 30 (Reuters) - Lukoil, Russia's
second biggest oil producer, is not ready to reduce its oil
output but will join oil market stabilisation measures if Russia
joins them, RIA news agency quoted Lukoil Chief Executive Vagit
Alekperov as saying.
(Fri, 30 Sep 2016) The outage of Colonial Pipeline Line 1 between September 9 and September 21 resulted in record changes in motor gasoline stocks in both the Lower Atlantic and Gulf Coast states during the week ending September 16. Colonial's Line 1 is the largest gasoline supply pipeline linking the Gulf Coast?home to roughly half of the nation's refining capacity?to the Lower Atlantic, a major demand region that has no petroleum refineries.
BEIJING, Sept 30 (Reuters) - Coal inventories at China's key
power plants have increased by 10 percent this month, the
government said on Friday, amid growing concerns about soaring
prices and dwindling supplies due to government-enforced mine
closures.
CARACAS, Sept 29 (Reuters) - Venezuelan President Nicolas
Maduro said on Thursday he expects non-OPEC oil-producing
countries, like Russia, to support OPEC's efforts to boost oil
prices by reducing crude output.
BRASILIA, Sept 29 (Reuters) - Brazil's top prosecutor's
office complained on Thursday that Panama had failed to deliver
banking information requested over a year ago in the massive
corruption investigation surrounding state-controlled oil
company Petróleo Brasileiro SA.
MEXICO CITY, Sept 29 (Reuters) - Officials from Mexico, the
United States and Cuba met on Thursday for a second round of
talks on the limits of the Western Polygon, an oil-rich area in
the waters of the Gulf of Mexico, two people close to the
discussion said.
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