Energy Update
Paul Hickin blogs on how OPEC’s decision to defend its market share by opting for freewheeling crude oil production appears to be working.
VIENNA, July 18 (Reuters) - Austrian hydropower producer
Verbund on Monday raised its outlook for the year
based on cost savings and favourable developments in the
electricity business but said it planned to cut costs further
and scale back dividend payments.
Fracking helped unleash a flood of new US oil and gas production, but it also brought a question: who, or what federal agency, has the power to regulate it?
July 18 (Reuters) - Bank of America Corp, the
second-largest U.S. bank by assets, reported a 19.4 percent fall
in quarterly profit on Monday as it set aside more money to
cover potential bad loans and earned less on its loans.
DHAKA, July 18 (Reuters) - Bangladesh Petroleum Corp (BPC)
has issued its first tender to buy fuel oil as part of a move
away from direct-term deals with fuel products suppliers in a
bid to achieve cheaper rates.
July 17 (Reuters) - A failed Turkish military coup attempt
briefly closed the Bosphorus Strait to shipping traffic on
Saturday, reminding the world of Turkey's huge and growing
importance as a transit route for commodities between Russia,
Central Asia and Europe.
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.