Energy Update

You are here

* Violent protests spread in Venezuela

(Updates prices, adds analyst quote para 7)

The Los Angeles City Council recently passed a unanimous resolution requiring Los Angeles Department of Water and Power to study how the city can achieve a 100 percent clean energy future.

PARIS, Oct 27 (Reuters) - Societe Generale will
quit financing coal-powered electricity plants from January and
increase its support for renewable energy projects, the French
bank said on Thursday.

* Exports to Asia to hit 1.46 mln bpd; exports to Europe to
fall

Anyone following the Justice Delayed series knows I have been waiting for the other shoe to drop in the continuing saga of challenges to the Clean Power Plan. Well—it dropped.

MOSCOW, Oct 27 (Reuters) - Russia's budget deficit may reach
4.7 percent of gross domestic product this year if Moscow fails
to sell a state stake in oil giant Rosneft, a senior
vice president at Moody's Investor Service said on Thursday.

** Commercial laundry company Berendsen -15%, and
among the worst performing UK midcaps, after a profit warning
puts stock on track for one of its worst days on record

* Thermal coal futures sink 5 percent, threaten months-long
rally

Oct 27 (Reuters) - Oilfield services firm Amec Foster
Wheeler Plc said it agreed to dispose of three assets
held for sale for 100 million pounds ($122.17 million) as it
aims to reduce debt.

* Compares with previous forecast of 4.7-5 bln

(Adds details, quotes, background)

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.