Energy Update

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On March 28, Africa’s biggest economy and the continent’s largest oil producer will go to the polls to elect its new president. Eklavya Gupta explains what it could mean for the oil industry.

BOGOTA, March 26 (Reuters) - Gone were the party balloons emblazoned with Ecopetrol's logo at the shareholder meeting of Colombia's state oil company on Thursday. The usual keychains, posh puzzles, glossy books and toy iguana mascot gifts were also conspicuous by their absence.

SKHIRAT, Morocco, March 26 (Reuters) - Libya's warring factions need more time to agree on a unity government to end growing conflict and chaos in the oil producer, a U.N.

OTTAWA, March 26 (Reuters) - Canada's Conservative government has given the energy regulator about a year to deliver up-to-date guidelines for pipeline companies to improve safety and protect the environment.

LONDON, March 26 (Reuters) - Investors took refuge in German bonds on Thursday after Saudi Arabia launched air strikes in Yemen but analysts said a further fall in yields was capped by the prospect of an inflation-boosting oil price rise.

DUBAI, March 26 (Reuters) - Top oil exporter Saudi Arabia and Gulf OPEC ally Kuwait will beef up security around their oil facilities, they said on Thursday, after they and other Arab allies began a military operation in Yemen.

* Market up as much a 5 pct before paring gains on dollar rebound

ISTANBUL, March 26 (Reuters) - President Tayyip Erdogan was quoted on Thursday as saying Turkey may consider providing logisitical support to the Saudi-led military mission in Yemen and called on Iran and "terrorist groups" to withdraw from the country.

DUBAI, March 26 (Reuters) - Top oil exporter Saudi Arabia plans to beef up security at its borders and around oil and industrial facilities, state news agency SPA reported on Thursday, citing a statement by Deputy Crown Prince Mohammed bin Nayef.

* Indexes off: Dow 0.44 pct, S&P 0.42 pct, Nasdaq 0.54 pct (Adds Markit data)

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