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Algerian government lays out draft constitutional reforms

ALGIERS, Jan 5 (Reuters) - Algeria's government on Tuesday unveiled draft constitutional reforms, including a two-term presidency limit, an obligatory consultation with parliament to name prime ministers and making local Amazigh an official language.

UPDATE 1-IMF chief welcomes Nigeria's anti-corruption drive, urges diversification

ABUJA, Jan 5 (Reuters) - The head of the International Monetary Fund endorsed on Tuesday Nigeria's efforts to tackle corruption, while saying the country needed to reduce its reliance on oil, sharp falls in the price of which have crippled its economy.

Sunny Sky but Loonie Shy: Canada’s Peculiar Aversion to Federal Support for Renewable Energy Deployment

When it comes to federal support for renewable energy deployment, the difference between Canada and the U.S. can be summed up in a quote by the late actor Robin Williams: “Canada is like a sleepy loft apartment over a really great party.”

Sri Lanka, Pakistan to include services in trade pact

COLOMBO, Jan 5 (Reuters) - Sri Lanka and Pakistan have agreed to include services in a bilateral free trade agreement (FTA), Pakistani Prime Minister Nawaz Sharif said on Tuesday.

IMF chief says not in Nigeria to negotiate loan, calls for wider revenue base

ABUJA, Jan 5 (Reuters) - International Monetary Fund chief Christine Lagarde said on Tuesday she was not in Nigeria to negotiate a loan and urged Africa's biggest economy to diversify its revenue to try and get out of an economic crisis fuelled by the fall in oil prices.

UPDATE 1-Islamic State militants target Libya's Es Sider oil port for second day

BENGHAZI, Libya, Jan 5 (Reuters) - Islamic State militants resumed shelling near the Libyan oil port of Es Sider on Tuesday and an oil storage tank in the port was hit by a long-range rocket causing a fire, a petroleum guards spokesman said.

Islamic State militants target Libya's Es Sider oil port for second day

BENGHAZI, Libya, Jan 5 (Reuters) - Islamic State militants resumed shelling near the Libyan oil port of Es Sider on Tuesday and an oil storage tank in the port was hit causing a fire, a petroleum guards spokesman and the National Oil Corporation said.

China insurance fund to invest in Russia's Yamal LNG

BEIJING, Jan 5 (Reuters) - More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas, China's insurance regulator said.

Once too little, now too much? US oil pipelines, projects, production and prices

An overabundance of investment capital has driven a wedge between US midstream asset valuations and actual shipping demand for infrastructure, and the imbalance looks to only be getting more severe as time goes on.

Average annual natural gas spot price in 2015 was at lowest level since 1999

(Tue, 05 Jan 2016) Natural gas spot prices in 2015 at the Henry Hub in Louisiana, a national benchmark, averaged $2.61 per million British thermal unit (MMBtu), the lowest annual average level since 1999. Daily prices fell below $2/MMBtu this year for the first time since 2012.

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