Energy Update
LONDON, July 21 (Reuters) - Fears that U.S. refiners will
cut crude processing in response to deteriorating margins and
rising gasoline stocks have haunted the oil market for the past
two months.
ABUJA, July 21 (Reuters) - The Nigerian government is
talking to militants in the Niger Delta to end a wave of attacks
on oil and gas facilities which have cut oil production by
700,000 barrels a day, top officials said on Thursday.
July 21 (Reuters) - Schlumberger Ltd, the world's
No.1 oilfield services provider, said the oil downturn appeared
to have bottomed out and it was considering rolling back pricing
concessions.
July 21 (Reuters) - ExxonMobil Corp said on Thursday
it would buy InterOil Corp for more than $2.5 billion in
stock, adding a gas field to expand exports from Papua New
Guinea and better positioning it to meet Asian demand for
liquified natural gas.
July 21 (Reuters) - Schlumberger Ltd, the world's
No.1 oilfield services provider, reported a quarterly loss,
compared with a profit a year earlier, as it took a charge of
$2.57 billion related to asset impairments and job cuts.
SAO PAULO/LIMA, July 21 (Reuters) - Lenders could accelerate
the disbursement of a $4.125 billion loan to Peruvian gas
pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian
engineering group Odebrecht SA fully exits the project
overseeing the construction of the pipelines, three people
familiar with the matter said on Thursday.
ACCRA, July 21 (Reuters) - Ghana's parliament has taken a
step towards passing a law on central bank reform that could
breach a key tenet of its $918 million aid deal with the
International Monetary Fund (IMF), parliamentary and finance
sources told Reuters.
NEW YORK, July 21 (Reuters) - Oil prices fell 2 percent on
Thursday, as the market took a closer look at U.S. government
data that showed growing inventories of gasoline and other oil
products pushed total petroleum supplies in the No. 1 oil
consumer to record highs.
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.