Energy Update
TRIPOLI, June 2 (Reuters) - The bodies of at least 25
migrants who drowned trying to cross the Mediterranean have been
washed up near the western Libyan city of Zuwara, a Red Crescent
official said on Thursday.
NEW DELHI, June 2 (Reuters) - India's weather office on
Thursday stuck to its initial forecast for above average monsoon
rains in 2016, boosting hopes for a revival in farm output which
could translate into lower food prices and also lower interest
rates.
FRANKFURT, June 2 (Reuters) - German utility E.ON's
Uniper unit said on Thursday it has secured a 5
billion-euro ($5.6 billion) financing line from three big banks,
a move it says shows market confidence in its future after its
planned spin-off later this year.
June 2 (Reuters) - Mining equipment maker Joy Global Inc
reported a drop in revenue for the 13th straight quarter
and lowered its forecast for 2016 as customers cut spending amid
a slump in commodity prices.
MIDLAND, Texas/HOUSTON, June 2 (Reuters) - As crude prices
plummeted last summer, Steve Pruett, chief executive of a small
west Texas oilfield developer, idled a drilling rig, opting to
pay $21,000 a day to store it rather than dig more wells and
risk bigger losses.
PARIS, June 2 (Reuters) - French nuclear power output fell
by over 2,400 megawatts (MW) on Thursday, causing a few local
blackouts, the CGT union said, after workers at utility EDF
joined a nationwide rolling strike against a government
plan to reform labour laws.
June 2 (Reuters) - Mining equipment maker Joy Global Inc
reported a 25.7 percent slump in quarterly revenue, hurt
by continued spending cuts by its customers amid a commodities
rout.
VIENNA, June 2 (Reuters) - OPEC still has a role in managing
oil markets such as responding to short-lived supply
disruptions, Saudi Energy Minister Khalid al-Falih told Argus
Media in an interview.
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.