Energy Update
(Fri, 24 Jun 2016) Prices of carbon dioxide (CO2) emission allowances in the Regional Greenhouse Gas Initiative (RGGI) have fallen for the second auction in a row, to $4.53 per metric ton (mt) of CO2. The auction prices on June 1 were 40% below their previous peak value of $7.50/mtCO2, reached on December 2, 2015.
(Fri, 24 Jun 2016) Azerbaijan is one of the world?s oldest oil producers, and oil and natural gas production and exports are central to Azerbaijan's economy. Azerbaijan?s oil production has been relatively stable over the last few years, but oil revenues declined about 40% from 2014 to 2015 due to lower oil prices.
SHANGHAI, June 24 (Reuters) - A violent storm in eastern
China that packed gale-force winds and hail killed 98 people and
injured hundreds as it flattened power lines, overturned cars
and ripped roofs off houses in Jiangsu province.
JAKARTA, June 24 (Reuters) - Seven Indonesian sailors have
been taken hostage in the Sulu Sea in the southern Philippines,
Indonesia's foreign minister said on Friday, the latest in a
string of abductions in the waters between the two Southeast
Asian neighbours.
Australian Renewable Energy Agency (ARENA) has agreed to grant $2.4m funding to Southern Oil Refining (SOR) to support the development of biocrude and biofuel test laboratory in Queensland.
CALGARY, Alberta, June 23 (Reuters) - New rules from
Alberta's energy regulator determining which companies are
deemed strong enough to buy assets are off the mark in terms of
fairness and transparency, Penn West Petroleum Ltd's
chief executive said on Thursday.
CARACAS, June 23 (Reuters) - Oil prices will likely rise by
$10 per barrel this summer, Venezuela's oil minister said on
Thursday, adding that the South American OPEC nation's output
could increase as much as 200,000 barrels per day in the next
six months.
TORONTO, June 23 (Reuters) - Canada's benchmark stock index
reached a nearly two-week high on Thursday, led by financial and
energy stocks after a series of last-minute opinion polls
pointed to Britain staying in the European Union and bookmakers'
odds indicated a shift toward the "Remain" camp.
WASHINGTON, June 23 (Reuters) - Volkswagen AG
will pay more than $10 billion to settle claims by nearly
500,000 owners stemming from its U.S. diesel emissions cheating
scandal and fund efforts to offset pollution, three sources
briefed on the agreement said on Thursday.
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.