Energy Update

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RIYADH, Nov 25 (Reuters) - Saudi Arabia may reduce energy and water subsidies for wealthy citizens, impose a value added tax (VAT) and taxes on unhealthy goods like cigarettes and sugary drinks, Deputy Crown Prince Mohammed bin Salman was quoted as saying on Wednesday.

LONDON, Nov 25 (Reuters) - Traffic on U.S. roads is growing at the fastest rate in almost two decades, as cheap gasoline, coupled with a strong economy, encourages motorists to use their cars more.

OSLO, Nov 25 (Reuters) - DNB, Norway's biggest bank, plans to reach its long-term dividend target in 2017, it said on Wednesday, confirming a one-year delay hinted at last month.

As 2020 approaches, the key energy framework that’s delivered much of Denmark’s wind power to date will expire.

KIEV, Nov 25 (Reuters) - Prime Minister Arseny Yatseniuk said on Wednesday the Ukrainian government would prevent state energy firm Naftogaz from buying any more gas from Russia to reduce its energy dependence on Moscow.

ASTANA, Nov 25 (Reuters) - Kazakhstan, Central Asia's largest economy, is banking on plans to diversify its oil-based economy to achieve stronger growth after a sluggish 1.2 percent rise forecast for this year, the government and parliament said on Wednesday.

MOSCOW, Nov 25 (Reuters) - Russia's Gazprom said on Wednesday it was halting gas supplies to Ukraine until it makes a prepayment for supplies.

JAKARTA, Nov 25 (Reuters) - Indonesia's Pertamina has replaced "the problematic people" at its oil trading unit, the energy minister said on Wednesday, as the state oil and gas company looks to restore its image amid a corruption investigation.

JERUSALEM, Nov 25 (Reuters) - Natural gas from Israel's vast Leviathan offshore gas field will be pumped to Egypt via an existing subsea pipeline for up to 15 years under a preliminary deal announced by the field's developers on Wednesday.

LONDON, Nov 25 (Reuters) - A British parliamentary committee will ask energy regulator Ofgem to investigate possible electricity market manipulation after concerns emerged about prices paid to a power plant to keep generating during a shortage period.

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