Energy Update

(Mon, 14 Dec 2015) EIA continues to expand its assessment of technically recoverable shale oil and shale gas resources around the world. The addition of four countries?Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)?to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas.

LAUNCESTON, Australia, Dec 14 (Reuters) - It's tempting to take the champagne-fuelled view that the historic global climate agreement reached in Paris signals the death of coal, but even if the dirty fuel is terminal, it will be a long, lingering demise before the final hacking cough.

SYDNEY, Dec 14 (Reuters) - Australian stocks are likely to extend losses on Monday, tracking a decline on Wall Street following another slide in oil prices. Energy and natural resources stocks are likely to come under pressure, with global miner BHP Billiton expected to open sharply lower after its U.S. ADRs tumbled 5.2 percent. The benchmark index dropped 2.4 percent last week to be down 7 percent so far this year.

ROME, Dec 13 (Reuters) - Western powers called for a ceasefire in Libya on Sunday to pave the way for an agreement to form a national unity government, which U.S.