Energy Update

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(Tue, 10 Nov 2015) Earlier this year, the Highway Trust Fund (HTF) reached its lowest level in decades, ending July at $6.1 billion dollars. A congressionally approved transfer of more than $8 billion boosted the fund's balance to end the fiscal year (September 30) at $12 billion, but that is still the second-lowest year-end level since 1984.

(Tue, 10 Nov 2015) Canada is one of the world's five largest energy producers and is the principal source of U.S. energy imports. The country is a net exporter of most energy commodities and a significant producer of crude oil and other liquids from oil sands, natural gas, and hydroelectricity. Energy exports to the United States account for the vast majority of Canada's total energy exports.

BANGKOK, Nov 10 (Reuters) - Thailand's Star Petroleum Refining Pcl (SPRC) has set its IPO price at 9 baht ($0.2510) per share, aiming to raise up to 15.6 billion baht ($435 million) in an initial public offering later this month, the company said in a filing.

TOKYO, Nov 10 (Reuters) - Oil prices rose on Tuesday after the head of OPEC forecast a more balanced market next year and the U.S.

RIO DE JANEIRO, Nov 9 (Reuters) - Brazil's Petrobras and unions failed to reach an agreement on Monday over worker demands that the state-run oil company reverse budget cuts and cancel assets sales aimed at trimming its massive debt, union and company officials said.

LONDON, Nov 10 (Reuters) - Oil is unlikely to return to $80 a barrel before the end of the next decade, despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day, the International Energy Agency said on Tuesday.

Nov 9 (Reuters) - Peabody Energy Corp, the biggest U.S. coal miner, said on Monday it had reached an agreement with the New York Attorney General's office to amend its climate change disclosures, bringing to an end an eight-year investigation.

Samsung Engineering has signed a memorandum of understanding (MOU) for the Uzbekistan BTX plant conceptual design.

Swiss-based chemicals giant Ineos has signed an agreement with subsidiaries of ExxonMobil and Shell to supply ethane to the Fife ethylene plant located at Mossmorran in Scotland.

Honeywell has received a contract to provide process technology and advanced automation controls for the refinery, which is under construction in Karbala Province, Iraq.

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