Energy Update
July 23 (Reuters) - Authorities are building a new
containment boom to fight an oil spill in a major western
Canadian river, officials said on Saturday, after the spill
breached a previous barrier and threatened the drinking water of
several communities along the coast.
July 23 (Reuters) - Authorities are building a new
containment boom to fight an oil spill in a major western
Canadian river, officials said on Saturday, after the spill
breached a previous barrier and threatened the drinking water
of several communities along the coast.
CARACAS, July 23 (Reuters) - Ecuador has paid $112 million
to energy company Chevron Corp over a four-decade-old
contract dispute, even though it remains in disagreement, the
head of the central bank has said.
SHANGHAI, July 23 (Reuters) - China has set up a coal asset
management firm as part of its effort to reduce excess capacity
in the sector, China's state-owned assets regulator said.
(Adds natural gas price information)
July 22 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in three, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 11,801 contracts to a one-month low of
July 22 (Reuters) - U.S. natural gas speculators cut their
net long positions for a second week in three, betting prices
will decline in the future to encourage power generators to keep
burning record amounts of gas instead of coal.
Speculators in four major NYMEX and ICE markets reduced
their bearish bets by 11,801 contracts to 91,547 in the week to
July 19, the U.S. Commodity Futures Trading Commission said on
Friday.
RIO DE JANEIRO, July 22 (Reuters) - Electrical energy connections at Rio's Olympic Park are still not finished two weeks before the summer games, creating supply risks for sports venues and athlete accommodations, according to two people familiar with the matter.
(Adds basin details, natural gas rigs to the total count)
July 22 (Reuters) - U.S. drillers this week added oil rigs
for a fourth consecutive week, according to a closely followed
report on Friday, with the recent return to the well pad
expected to soften the decline in domestic crude production.
Drillers added 14 oil rigs in the week to July 22, bringing
the total rig count up to 371, compared with 659 a year ago,
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.