Energy Update
LAUNCESTON, Australia, Sept 13 (Reuters) - When the price of
a commodity rises by 117 percent in a mere 15 weeks, it's
generally a sign that something is amiss in the market, and
coking coal's recent stellar run is no exception to this rule.
SHANGHAI, Sept 13 (Reuters) - Privately run CEFC China
Energy has agreed to acquire a 35 percent stake in oil blocks in
Chad from Taiwan's state-owned Chinese Petroleum Corp for about
$110 million, according to CEFC company executives.
BRASILIA, Sept 12 (Reuters) - Brazil's lower house of
Congress voted on Monday to strip former speaker Eduardo Cunha
of his seat and ban him from politics for eight years for lying
about bank accounts he held in Switzerland.
BEIJING, Sept 13 (Reuters) - China's coal output fell 11
percent in August to 278 million tonnes as producers respond to
government efforts to cut overcapacity, although the pace of
monthly declines has eased.
BEIJING, Sept 13 (Reuters) - China's crude oil output fell
9.9 percent in August from the year before to 16.45 million
tonnes (3.87 million barrels per day), the statistic bureau said
on its website on Tuesday.
BEIJING, Sept 13 (Reuters) - China produced 278 million
tonnes of coal in August, down 11 percent from a year ago, as
producers responded to Beijing's clampdown on overcapacity,
government data showed on Tuesday.
BEIJING, Sept 13 (Reuters) - China and Vietnam should work
together to maintain peace and stability in the South China Sea
and manage and control disputes, Chinese Premier Li Keqiang told
Vietnamese Prime Minister Nguyen Xuan Phuc.
TUNIS, Sept 12 (Reuters) - The United States and five
European powers on Monday urged forces loyal to eastern Libyan
commander Khalifa Haftar to withdraw from several key oil ports
seized from a rival force over the weekend.
LONDON, Sept 12 (Reuters) - Hedge funds tempered their
bullishness towards the entire petroleum complex during the
first week of September, according to positioning data from
regulators and exchanges.
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