Energy Update

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CAIRO, Sept 19 (Reuters) - Egypt expects to privatise two or
three state-owned companies via listings on the stock exchange
in the first year of a privatisation programme, the chief
executive of government-owned NI Capital said on Monday.

LAUNCESTON, Australia, Sept 19 (Reuters) - There is an
almost universal expectation that iron ore prices will start to
retreat soon, reversing some of the 29 percent surge this year
that has seen the steel-making ingredient become one of the
unexpected commodity top performers.

LONDON, Sept 19 (Reuters) - Hedge funds and other large
money managers have raised their weekly bets on rising crude oil
prices, with net long positions in Brent stabilising around
levels seen in mid-August when the market got the first
indications of a possible OPEC output deal.

LONDON, Sept 19 (Reuters) - Hedge funds have built their
largest bullish position in U.S. natural gas for more than two
years amid signs the gas glut is being eroded quickly and the
market could tighten in 2017.

OTTAWA, Sept 19 (Reuters) - Canadian Prime Minister Justin
Trudeau has enjoyed remarkably strong opinion poll numbers since
winning power in last October's election but now faces tough
decisions that could dent his popularity.

LOS ANGELES/WASHINGTON, Sept 19(Reuters) - The 27 states
challenging Obama's Clean Power Plan in court say the lower
emissions levels it would impose are an undue burden. But most
are likely to hit them anyway.

PARIS, Sept 19 (Reuters) - French oil services company
Technip said on Monday it has been awarded an
engineering procurement and construction contract by Emirates
National Oil Company (ENOC) that plans to expand its Jebel Ali
refinery by 50 percent.

By Aparajita Saxena
Sept 19 (Reuters) - Most Southeast Asian stock markets
climbed on Monday after chances of an interest rate hike by the
U.S. Federal Reserve this week diminished, and as investors
awaited data from the Bank of Japan (BOJ) meeting on Tuesday and
Wednesday.
Federal Reserve Governor Lael Brainard said the central bank
should avoid removing support for the U.S. economy too quickly,

SEOUL, Sept 19 (Reuters) - All Hanjin Shipping Co Ltd
chartered vessels that have completed unloading
their cargo have been directed to cancel their charter
agreements and return the ship to the shipowner, a judge at
Seoul Central District Court said on Monday.

(Mon, 19 Sep 2016) The United States simultaneously imports and exports gasoline because of regional differences in gasoline supply and demand balances. The two regions with the largest supply and demand imbalances are the East Coast, which imported 581,000 barrels per day (b/d) of gasoline in 2015, and the Gulf Coast, which exported 551,000 b/d of gasoline in 2015.

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