Energy Update
SINGAPORE, July 1 (Reuters) - Oil prices rose early on
Friday, with Brent jumping back above $50 per barrel, as
investors positioned themselves for more price increases this
year in expectation of a tighter market.
SAN FRANCISCO/WASHINGTON, June 30 (Reuters) - A lawyer for
Volkswagen AG said at a court hearing Thursday the
German automaker believed it could fix 85,000 polluting
3.0-liter VW, Audi and Porsche diesel cars and SUVs, a move that
could help the company avoid a second pricey vehicle buyback.
HAVANA, June 30 (Reuters) - Cuba has ordered some state
firms and joint ventures to reduce fuel and electricity
consumption, a senior diplomat and the director of a foreign
joint venture said on Thursday, in the latest sign a crisis in
ally Venezuela is hurting the economy.
SAN JUAN, June 30 (Reuters) - Puerto Rico authorized
suspension of payments on its general obligation debt on
Thursday just minutes after U.S. President Barack Obama signed a
law creating a federal oversight board with authority to
negotiate the restructuring of the island's $70 billion in debt.
LIMA, June 30 (Reuters) - The head of Peru state-owned
energy company Petroperu has resigned following the
third oil spill this year due to pipeline ruptures, Energy and
Mines Minister Rosa Maria Ortiz said on Thursday on local
broadcaster RPP.
* Asset performance in 2016: http://tmsnrt.rs/28XmyLd
FRUTILLAR, Chile, June 30 (Reuters) - Argentine President
Mauricio Macri and Peruvian President-elect Pedro Pablo
Kuczynski urged their South American counterparts at the Pacific
Alliance trade bloc summit on Thursday to deepen energy ties
across the region.
WASHINGTON, June 30 (Reuters) - The Obama administration on
Thursday completed new rules for how energy companies value oil,
gas and coal extracted from federal land in a reform meant to
protect taxpayers' stake in those sales.
ABUJA, June 30 (Reuters) - Nigerian President Muhammadu
Buhari on Thursday urged community leaders from the Niger Delta
to pacify people in the restive southern region, which has been
hit by a series of attacks on oil and gas facilities in the last
few months.
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.