Energy Update

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BEIJING, Oct 28 (Reuters) - About 4 million barrels of crude oil bought by a Chinese state trader for the country's strategic reserves have been stranded in two tankers off an eastern port for nearly two months due to a lack of storage, two trade sources said.

TRIPOLI, Oct 28 (Reuters) - When Islamic State militants attacked a perimeter gate guarding Libya's Es Sider oil terminal this month, they sent gunmen to kill guards before attempting to detonate a car bomb in a bid to breach the port's defences.

Optimism over the 'resilience' of US shale earlier this year gave way to scare stories in August.

(Wed, 28 Oct 2015) China produces more steel and aluminum than any other country. Secondary production, or producing metal from recycled scrap metal, is the primary opporunity to reduce the country's energy intensity for both of these industries, because secondary production uses significantly less energy than primary production using raw material inputs.

LAUNCESTON, Oct 28 (Reuters) - - What's well known is that a wave of new liquefied natural gas (LNG) is about swamp already well-supplied markets, what's less known is how exactly these new cargoes will be absorbed.

CALGARY, Alberta, Oct 27 (Reuters) - The Canadian province of Alberta will post a C$6.1 billion ($4.6 billion) deficit this fiscal year and borrow heavily to fund infrastructure in a bid to revive an economy hammered by low oil prices, its left-leaning New Democratic government said on Tuesday.

CALGARY, Alberta, Oct 27 (Reuters) - Royal Dutch Shell Plc will not continue construction of its 80,000 barrel per day Carmon Creek thermal oil sands project in northern Alberta because of the lack of infrastructure to move Canadian crude to market, the company said on Tuesday.

Robert Perkins analyses how seismic shifts in world energy production and consumption have impacted Platts Top 250 Energy Company Rankings for 2015. He also assesses the difficult financial outlook many energy companies now face because of the steep downturn in oil prices.

Oct 27 (Reuters) - U.S. oil and natural gas company Anadarko Petroleum Corp reported a quarterly loss that met Wall Street expectations compared with a year-earlier profit as results were hurt by a slump in crude prices.

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