Energy Update

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SYDNEY, Sept 17 (Reuters) - There's been considerable debate over who is right on the outlook for China's vast steel sector - the bullish iron ore miners or the bearish analysts and steel producers.

Sept 16 (Reuters) - Alaska will give each resident more than $2,000 next month as the annual payout from an oil wealth trust fund, a state revenue official said on Wednesday, a record amount despite the collapse in oil prices last year.

SHANGHAI, Sept 17 (Reuters) - Chinese rare earth demand is likely to soar by more than 50 percent in the next five years, putting pressure on authorities to relax tough production quotas that have spurred illegal mining and rampant smuggling.

DETROIT, Sept 16 (Reuters) - Honda Motor Co unveiled the tenth generation of its Civic small car Wednesday, aiming to reinvigorate its best-selling model at a time when many consumers are bypassing small sedans for sport utility vehicles.

EU energy regulators are about to find out what really goes on in the wholesale gas and electricity markets, as a new trade reporting obligation starts on October 7. This is a huge step toward more transparent markets, but what will regulators do with the data?

WASHINGTON, Sept 16 (Reuters) - U.S.

TRIPOLI, Sept 16 (Reuters) - Military forces allied with Libya's self-declared government in Tripoli said on Wednesday they had captured a Russian-flagged oil tanker and its crew trying to smuggle oil from the port of Zawara.

* China turning to renewable energy in its 'war on pollution'

WASHINGTON, Sept 16 (Reuters) - Senate Majority Leader Mitch McConnell said he favors repealing the 40-year-old ban on U.S. crude oil exports and that Republican leadership would discuss the issue with the Obama administration.

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