Energy Update

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LONDON, Dec 9 (Reuters) - Shares in mining company Anglo American fell to another record low on Wednesday, with several brokers cutting their targets on the stock after the company's decision to suspend dividends and restructure its business.

* Singapore's bunker fuel falls below $200/mt 1st time since 2005

Dec 9 (Reuters) - Oil and gas explorer Ophir Energy Plc said it had signed heads of agreements to sell the offtake from its floating liquefied natural gas (LNG) project Fortuna to six buyers.

* China to cut export duties on some steel, chemical products

Dec 9 (Reuters) - Oil and gas explorer Ophir Energy Plc said it had signed heads of agreements to sell the offtake from its floating liquefied natural gas project Fortuna to six buyers.

HELSINKI, Dec 9 (Reuters) - Finnish oil refiner Neste said on Wednesday a technical problem at its Porvoo refinery had lowered the unit's utilization rate to about 70 percent, resulting in production losses worth several tens of millions of euros.

LOS ANGELES, Dec 9 (Reuters) - Solar power companies have an image problem - and they are beginning to do something about it.

If you’ve been involved in any conversations about energy in 2015, there’s very much a sense the industry is gritting its teeth and just trying to get through this period of sustained low prices.

(Wed, 09 Dec 2015) Two recently enacted laws authorize significant sales of crude oil from the Strategic Petroleum Reserve (SPR) over the next decade. The Bipartisan Budget Act authorizes the sale of 58 million barrels of SPR oil between FY 2018-2025 for deficit reduction purposes and an estimated 40-50 million barrels of oil in FY 2017-2020 for SPR modernization.

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