Energy Update
DUBAI, Oct 13 (Reuters) - Iran has boosted exports of fuel oil through U.S.-ally the United Arab Emirates and also almost doubled its imports of gasoline, despite Western sanctions, trading sources said.
(The opinions expressed here are those of the author, a columnist for Reuters.) By John Kemp LONDON, Oct 13 (Reuters) - Who is the top forecaster in the oil market? The surprising answer is that nobody knows because the accuracy of predictions is never properly tracked and measured after they are made. Banks, consultancies, government agencies and even journalists routinely issue predictions about what will happen to oil supply, demand and prices in future.
BEIJING, Oct 13 (Reuters) - A court in central China on Tuesday jailed a former senior Chinese energy executive for 20 years for corruption, the latest official to fall in a sweeping anti-graft campaign.
WARSAW, Oct 13 (Reuters) - Poland's top refiner, the state-controlled PKN Orlen, said on Tuesday it has launched takeover bids for Canada's Kicking Horse Energy and Nasdaq-listed FX Energy, worth a total of over $300 million.
LONDON, Oct 13 (Reuters) - A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key OPEC producers maintain near-record output, the International Energy Agency said on Tuesday, even as low prices curb supply outside OPEC.
LONDON, Oct 13 (Reuters) - A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key OPEC producers maintain near-record output, the International Energy Agency said on Tuesday, even as low prices curb supply outside OPEC.
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