Energy Update
BRASILIA, Jan 13 (Reuters) - Brazil's state-controlled oil producer Petrobras is seeking to sell its 5.8 billion Brazilian real ($1.4 billion) stake in petrochemical producer Braskem SA, newspaper Folha de S.
Jan 13 (Reuters) - Fenner Plc said it planned to restructure its conveyor belt business in North America and reduce about 20 percent of the unit's workforce, as it undertakes another round of cuts to live out a slump in demand from the U.S. coal industry.
BEIJING, Jan 13 (Reuters) - China's commodity imports surged in December as tumbling prices spurred opportunistic buying, but shipments of some commodities are expected to start tapering off this year as slower economic growth checks demand.
Jan 13 (Reuters) - Fenner Plc announced a restructuring of its conveyor belt business in North America and said it would cut about 20 percent jobs in the unit, as it tries to live out a slump in demand from the U.S.
BEIJING, Jan 13 (Reuters) - China's crude oil imports hit a record 7.82 million barrels a day (bpd) in December, customs data showed, as the world's No.2 oil consumer took advantage of low crude prices to fill strategic reserves, but also increased its exports of refined fuels to an all-time high.
(Wed, 13 Jan 2016) The Short-Term Energy Outlook (STEO) released on January 12, which is the first STEO to include projections for 2017, forecasts Brent crude oil prices will average $40 per barrel (b) in 2016 and $50/b in 2017. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent in 2016 and $3/b lower than Brent in 2017
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