Energy Update

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VIENNA, Dec 4 (Reuters) - Angolan Oil Minister Jose Botelho de Vasconcelos said on Friday he expected OPEC to maintain oil output policies when the group meets in Vienna later today.

JAKARTA, Dec 4 (Reuters) - The operator of one of the world's biggest copper and gold mines was at the centre of a major political scandal in Indonesia after confirming that the speaker of parliament tried to extort shares from the company to ensure its contract extension.

* Banks say current accounts have been inaccessible since 2014

* China taking advantage of cheap oil to build strategic stocks

* China taking advantage of cheap oil to build strategic stocks

With record US crude oil inventory levels in 2015, the glut is providing a mighty fine feast for the refining sector. Amanda Rayborn and Luciano Battistini explain.

LAUNCESTON, Australia, Dec 4 (Reuters) - China's renewing of its oil purchase deals with Iran not only provides a boost to the Islamic Republic's hopes of re-establishing itself in global markets, it also underscores why this week's OPEC meeting is largely irrelevant.

HOUSTON, Dec 3 (Reuters) - The U.S. Federal Energy Regulatory Commission on Thursday said Colonial Pipeline Co must justify proposed sweeping changes to its tariff governing how gasoline and distillates are shipped on the clogged fuel artery before it can take effect next year.

VIENNA, Dec 4 (Reuters) - The Organization of Petroleum Exporting Countries will likely decide to roll over oil production at its meeting on Friday, sources said, with Saudi Arabia telling other members it has no intention of floating a proposal for curbing output.

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