Kate Mackenzie Spot news

UN agrees to reform climate process (FT)

Opec expected to maintain oil output (FT)

Iran-Iraq stand-off over oil well ends (NY Times)

Carbon prices drop post-Copenhagen (FT)

Oil rebound keeps most-accurate forecasters bullish (Bloomberg)

Record year for top five crude traders (FT)

Shell eyes asset sales in Nigeria (Rigzone)

US coal burns slip, stocks climb in October (Argus)

NZ oil rises to 15-month high on OMV-led project (Bloomberg)

Cnooc to study oil blocks in Venezuela’s Orinoco (Bloomberg)

Duke, State Grid discuss energy venture (WSJ)

Recession hits German product consumption (Argus)

Lex: Nigerian oil (FT)

Comment: Lessons of a memorably chaotic global gathering (FT)

Subocean receives £17m LDC investment (FT)