Energy Update

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JAKARTA, April 7 (Reuters) - A revision of Indonesia's budget for 2016 that is currently being drafted could push the deficit up to 2.5 percent of gross domestic product (GDP) from 2.1 percent earlier, the finance minister said on Thursday.

OSLO/LONDON, April 7 (Reuters) - The European Union started on Thursday to amass information about all so-called over-the-counter trades in the region's energy markets in a bid to crack down on suspected price manipulation.

* At least 15 large tankers wait to offload -shiptracking data

SHANGHAI, April 7 (Reuters) - China has asked state-owned power plants to negotiate long-term supply contracts with coal producers in a bid to stabilise the market and ease pressure on the country's loss-making miners, according to a draft document seen by Reuters.

ASTANA, April 7 (Reuters) - Kazakhstan and global oil majors developing the Karachaganak gas condensate field aim to "peacefully resolve" their dispute over a production sharing agreement, Kazakhstan's Energy Ministry said on Thursday.

BAGHDAD, April 7 (Reuters) - Oil exports from Iraq's southern ports have risen to an average of 3.494 million barrels per day (bpd) in April, an official from the state-run South Oil Company said on Thursday.

* But traders warn that oil fundamentals remain weak (Updates prices)

Could India’s physical gold market, which remained at a near standstill on continued industrial action this week, be set to reopen? Ben Kilbey reveals all.

* Political uncertainty, antitrust hurdles deterring big deals

(Thu, 07 Apr 2016) EIA recently released new information on ethanol and biodiesel movements by rail. The new monthly estimates are integrated with EIA's existing <em>Petroleum Supply Monthly</em> and include movements beginning in January 2014. Unlike other liquid fuels that are most commonly transported by pipeline, ethanol and biodiesel are more often transported by rail because both fuels attract water and other impurities in pipelines.

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