Energy Update

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* Recent market rebalancing will unravel if margins turn
lower

SINGAPORE, Aug 31 (Reuters) - Crude oil futures fell in
early trade on Wednesday as the U.S. dollar held around
three-week highs and industry stocks data indicated a build in
U.S. crude inventories.

HOUSTON, Aug 30 (Reuters) - Motiva Enterprises LLC
said on Tuesday the division of its U.S. refining
assets between Royal Dutch Shell Plc and Saudi Aramco
would take place on April 1, 2017, months later
than originally expected.

LONDON, Aug 30 (Reuters) - It's been nearly a year since
Glencore announced it was mothballing half a million
tonnes of mined zinc capacity.

Japan based oil refiner JX Holdings has signed an agreement to acquire its rival TonenGeneral Sekiyu for $3.4bn in a bid to create the county’s biggest oil refiner.

The United Nations defended its aid funding in Syria on
Tuesday after an investigation revealed lucrative contracts were
awarded to people close to the nation's President Bashar
al-Assad.

CALGARY/OTTAWA, Aug 30 (Reuters) - Canada's National Energy
Board on Tuesday suspended Montreal hearings on TransCanada
Corp's proposed Energy East pipeline after protests
disrupted the first day of the process on Monday.

South Africa and Kenya are some of the African countries that currently are at various levels of implementing local content regulations on renewable energy projects. An expert has called for a review of the approach used in enforcing the new laws, which would ensure more utilization of local labor and manufactured products.

Batteries won big in the U.K.’s contest to provide power that can be dispatched quickly to help keep the electricity grid stable, a step that will help the nation expand the amount of renewable energy it’s using.

MADRID/FRANKFURT, Aug 30 (Reuters) - Siemens and
Gamesa have rejected a non-binding offer from General
Electric for assets belonging to a wind power venture
between Gamesa and Areva, sources close to the talks
told Reuters on Tuesday.

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