Energy Update
(Fri, 03 Jun 2016) Although pipelines, tankers, and barges are widely used to transport liquid fuels to, from, and within the United States, several types of liquid fuels, including crude oil, ethanol, and biodiesel, are transported by rail in large volumes. EIA recently expanded its rail data for crude oil, ethanol, and biodiesel to provide monthly data going back to January 2010.
NEW YORK, June 3 (Reuters) - U.S. diesel futures have
soared about 40 percent in the last two months, prompting
independent refiners to pounce, selling future output on the
view that resurgent domestic demand and higher exports may turn
out to provide only a brief boost.
June 2 (Reuters) - BP Plc agreed on Thursday to pay
$175 million to shareholders who brought a class-action lawsuit
that accused the oil company of misleading them by understating
the severity of the 2010 oil spill in the Gulf of Mexico.
SINGAPORE, June 3 (Reuters) - Diesel, one of the worst
performing fuels in the refining complex for years, has seen its
fortunes turn around as extreme hot weather has boosted demand,
especially at power generators in South Asia.
SINGAPORE, June 3 (Reuters) - Noble Group is
raising $500 million in a fully underwritten rights issue and
its chairman and biggest shareholder Richard Elman will step
down within 12 months, as the company struggles with weak
markets and the fallout from an accounting dispute.
SINGAPORE, June 3 (Reuters) - Noble Group said it
is raising $500 million in a fully underwritten rights issue and
its chairman and biggest shareholder Richard Elman will step
down within 12 months, as the company struggles with weak
markets and the fallout from an accounting dispute.
LAUNCESTON, Australia, June 3 (Reuters) - There are two ways
of looking at the OPEC meeting in Vienna, and neither is wrong.
Firstly it was a success as the Saudis and Iranians managed to
be relatively nice to each other, and secondly it was a failure
because everybody can still pump as much oil as they feel like.
MELBOURNE/SYDNEY, June 3 (Reuters) - When Frances Miao put
solar panels on the rooftop of her three-storey home in the
Sydney suburb of Hunters Hill, the emergency doctor planned to
wait five years before spending more on battery storage.
It may be time to re-think J. Paul Getty's famous formula for success: rise early, work hard, strike oil.
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.