Energy Update
LONDON, Jan 20 (Reuters) - European basic resources and energy share indexes slumped to their lowest levels in more than 12 years on Wednesday, with a sharp decline in oil and metals prices scaring investors away from commodities stocks.
JAKARTA, Jan 20 (Reuters) - Indonesia will reach a decision on whether to accept Freeport McMoRan Inc's $1.7 billion divestment price for its unit in the country by the end of the first quarter, a mines ministry official said on Wednesday.
Jan 20 (Reuters) - Genel Energy, one of the main oil producers in Iraqi Kurdistan, forecast lower revenue and production for this year, hurt by weak oil prices, sending its shares down to a record low on Wednesday.
YORKTOWN, Texas, Jan 20 (Reuters) - Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18-month downturn.
(Wed, 20 Jan 2016) Refineries use hydrogen to lower the sulfur content of diesel fuel. Refinery demand for hydrogen has increased as demand for diesel fuel has risen both domestically and internationally, and as sulfur-content regulations have become more stringent. EIA data show that much of the growth in hydrogen use at refineries is being met through hydrogen purchased from merchant suppliers rather than from increased hydrogen production on-site at the refinery
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