Energy Update

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ST. LOUIS, Jan 26 (Reuters) - Peabody Energy Corp
, the world's largest private-sector coal miner,
defended its bankruptcy exit plan in court on Thursday against
opponents including state regulators, shareholders,
environmental activists and even former executives.

PHILADELPHIA, Jan 26 (Reuters) - President Donald Trump said
on Thursday that his now-scrapped meeting with Mexican President
Enrique Pena Nieto would have been "fruitless" if Mexico will
not agree to treat America "with respect."

ABUJA, Jan 26 (Reuters) - A Nigerian court has ordered the
temporary forfeiture of assets and the transfer of operations of
a long-disputed oilfield owned by Shell and Eni
, among others, to the federal government, court papers
show.

* Shares down 1 percent, Oil prices up about 2 pct

(Adds details)

ABUJA, Jan 26 (Reuters) - A Nigerian court has ordered the
temporary forfeiture of assets and the transfer of operations of
a long-disputed oilfield owned by Shell and Eni
, among others, to the federal government, court papers
released on Thursday showed.

CHICAGO, Jan 26 (Reuters) - Caterpillar Inc, the
world's largest construction and equipment maker, forecast 2017
profit sharply below analysts' estimates, hurt by sluggish
demand in the construction and energy industries.

* EU-China solar dispute threatened trade war in 2013

(Adds details on duties, background to dispute)

A long planned high voltage, direct current line to move wind energy from western Oklahoma to the southeast U.S. is one of several major electric transmission and power projects listed high on President Donald Trump’s top priorities for infrastructure that are considered of emergency or national security interests.

Jan 26 (Reuters) - Magellan Midstream Partners LP
said on Thursday its refined products pipeline in Worth County,
Iowa, remained shut after spilling about 3,300 barrels of
diesel.

MEXICO CITY, Jan 26 (Reuters) - Mexican President Enrique
Pena Nieto said on Thursday he had scrapped plans to meet Donald
Trump next week after the U.S. president tweeted Mexico should
cancel the meeting if it was not prepared to pay for his
proposed border wall.

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