Energy Update
BEIRUT, Sept 23 (Reuters) - Warplanes targeted rebel-held
areas of eastern Aleppo on Friday in a second day of heavy
bombardment hours after the army announced the start of a
military operation there, rescue workers and activists said.
DUBAI/LONDON, Sept 22 (Reuters) - As far as OPEC
decision-making is concerned, Algeria, which plays host to oil
ministers next week, has always been the land of surprises.
SINGAPORE/JAKARTA, Sept 23 (Reuters) - Indonesia's removal
of taxes on oil and gas explorers is a good first step, but more
is needed to lure investment from companies that have cut
budgets and laid off staff after a precipitous plunge in prices,
industry analysts said on Friday.
BEIRUT, Sept 23 (Reuters) - Warplanes targeted rebel-held
areas of eastern Aleppo on Friday in a second day of heavy
bombardment hours after the army announced the start of a
military operation there, rescue workers and activists said.
SYDNEY, Sept 23 (Reuters) - Metallurgical coal prices were
headed for the first decline in almost two months as demand from
Asian steel mills outside of China has declined though Chinese
demand - the foundation for the commodity's rise - remains
intact, sources said on Friday.
TOKYO, Sept 23 (Reuters) - Japan plans to rush through a
bill to provide more financial muscle for its companies to
compete for global energy assets, just as other resource-hungry
Asian economies such as China and India are also looking to snap
up depressed oil assets.
(Fri, 23 Sep 2016) Production of oil and natural gas in the Appalachian Basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012. Monthly natural gas production from Utica wells increased from 0.1 billion cubic feet per day (Bcf/d) in December 2012 to more than 3.5 Bcf/d in June 2016. Oil production increased from 4,400 barrels per day (b/d) to nearly 76,000 b/d over the same period.
BEIJING, Sept 23 (Reuters) - China said on Friday it is
slapping anti-dumping duties on U.S. distillers' dried grains
(DDGS) shipped by some of the biggest suppliers of the animal
feed ingredient, including Louis Dreyfus and Archer
Daniels Midland.
CARACAS, Sept 22 (Reuters) - Foes of Venezuelan President
Nicolas Maduro vowed on Thursday to push for a recall referendum
against him this year, defying the country's election authority
which said any vote to remove the unpopular socialist leader
could not take place until early 2017.
CARACAS, Sept 22 (Reuters) - Venezuelan state oil company
PDVSA on Thursday said its lease of Curacao's Isla refinery was
not up for negotiations yet, days after the island announced a
preliminary deal with China's Guangdong Zhenrong Energy to
operate the complex.
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