Energy Update

You are here

SINGAPORE, Nov 10 (Reuters) - Oil prices dipped early on
Thursday pulled down by rising U.S. crude inventories and as
markets tried to interpret U.S. President-elect Donald Trump's
surprise victory.

Nov 10 (Reuters) - Australian shares soared three percent in
early trade on Thursday, the biggest one-day jump in five years,
after Wall Street surprisingly rose on Donald Trump's victory in
a bitter U.S. presidential election.

Genoil has signed a $50bn letter of intent (LOI) with Grozneft to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia.

Germany's Karlsruhe Institute of Technology (KIT) has developed a microstructured, chemical reactor which will be a key component of a plant planned to be built in Finland to produce renewable fuels using solar power.

HOUSTON, Nov 9 (Reuters) - Sunoco Logistics Partners
said on Wednesday it is forming a joint venture with Exxon Mobil
, giving the midstream company strategic assets near the
Dakota Access line while expanding its West Texas footprint for
the second time in less than two months.

SAO PAULO, Nov 9 (Reuters) - Brazil's electric sector
holding company Centrais Eletricas Brasileiras SA Eletrobras
said on Wednesday it was in talks with the government
to secure an advance installment of around 900 million reais for
a planned future capital increase.

SAO PAULO, Nov 9 (Reuters) - Brazilian energy and logistics
company Cosan SA Indústria e Comércio reported a net profit of
327.5 million reais ($102 million) in the quarter that finished
in September, reversing the net loss of 17.2 million reais a
year ago.

* Q3 rev of $729.3 mln vs est. of $801.7 mln

(Adds details, shares; conference call comments)

SAO PAULO, Nov 9 (Reuters) - Brazilian energy and logistics
company Cosan SA Indústria e Comércio reported a net profit of
327.5 million reais ($102 million) in the quarter that finished
in September, reversing the net loss of 17.2 million reais a
year ago.

Nov 9 (Reuters) - Rooftop solar company SolarCity Corp
, which hopes to be acquired by Tesla Motors Inc
, said installations exceeded expectations in the third
quarter but would come in at the low end of the company's
forecast for the year.

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.