Energy Update

You are here

Home » Global Read

COLUMN-OPEC expected to deliver only half of target production cut: Kemp

LONDON, Dec 6 (Reuters) - OPEC will achieve some but not all
of the production cuts the organisation agreed last month,
according to an informal survey of energy professionals
conducted after the agreement was announced.

UPDATE 1-Saudi Aramco IPO unlikely to require rule changes regulator says

* Saudi Arabia has never had dual listing on Tadawul

(Adds detail, context)

Previous Bashneft managers have questions to answer: Kremlin official

MOSCOW, Dec 6 (Reuters) - There are major questions about
the work of the previous management of Russia's Bashneft oil
company and law enforcement is looking into it, Mikhail Babich,
presidential envoy for the Volga region, was quoted as saying by
RIA news agency.

UPDATE 1-Russia to revise up privatisation targets, VTB must wait -dep finmin

LONDON, Dec 6 (Reuters) - Russia will make a "significant
push" for faster privatisations, though stake sales in some
companies such as lender VTB may have to wait until
Western sanctions are lifted, Deputy Finance Minister Alexei
Moiseev said on Tuesday.

India gas demand growth stymied by slow infrastructure development

NEW DELHI, Dec 6 (Reuters) - India, the world's
third-biggest energy consumer, is striving to grow its natural
gas use and shift away from oil and coal for power and industry,
but its lack of gas import infrastructure is stymieing faster
adoption of the cleaner-burning fuel.

Utilities lead European shares higher, Italian banks rally

LONDON, Dec 6 (Reuters) - European shares extended gains on
Tuesday, with the utilities sector leading the market higher
after British power producer Drax Group Plc announced it
plans to buy an energy supplier and four gas power plant
projects.

UPDATE 1-Russian economic recovery encouraging - central banker

* Says rouble less vulnerable to a strengthening dollar

(Updates throughout, adds background, quotes)

UPDATE 2-British power producer Drax plans to buy Opus Energy for 340 mln pounds

* Drax shares surge 11 pct on acquisition news

(Adds share price reaction, more detail on gas plants, analyst
comment)

Weaker commodities shares drag down European equities

LONDON, Dec 6 (Reuters) - European shares edged lower in
early trading on Tuesday, with commodities-related stocks coming
under pressure following a drop in prices of crude oil and
industrial metals.

UPDATE 1-Oil dips as OPEC joins Russia in upping output ahead of production cut

* OPEC's November production seen at record 34.19 million
bpd

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.

Photos