Energy Update
By Scott DiSavino
May 27 (Reuters) - U.S. oil drillers cut rigs for a ninth
week in the last 10, energy services company Baker Hughes Inc
said on Friday, despite crude prices this week testing a
seven-month high at $50 a barrel.
That is a key level that analysts and producers said would
trigger a return to the well pad.
Drillers cut 2 oil rigs in the week to May 27, bringing the
ZAGREB, May 27 (Reuters) - The Croatian government on Friday
rejected an opposition motion calling for a no-confidence vote
against the deputy prime minister over an alleged conflict of
interest, in a decision that laid bare deep divisions between
the coalition parties.
WASHINGTON, May 27 (Reuters) - The U.S. Transportation
Department said Friday that American drivers logged a record
number of miles in the first three months of the year, as travel
rose 4.2 percent to 746 billion miles.
TRENTON, N.D., May 27 (Reuters) - When Donald Trump laid out
his plan this week to roll back U.S. environmental regulations
to boost the ailing energy industry, it raised both the hopes
and fears of the American Indians living near the heart of the
country's richest oil fields.
TORONTO, May 27 (Reuters) - Canada's main stock index rose
on Friday as financials rallied, while resource stocks retreated
with commodities and investors waited for possible clues on the
timing of U.S. interest rate hikes from Federal Reserve Chair
Janet Yellen.
LAGOS, May 27 (Reuters) - The Niger Delta Avengers militant
group, which has mounted a bombing campaign against oil
pipelines, on Friday threatened "something big" - but also
wished Nigerian youngsters a Happy Children's Day.
Trina Solar Ltd., the world’s biggest solar manufacturer, reported a sharp increase in first-quarter profit and said it expects shipments to increase in 2016 even as demand in China slows in the second half.
LONDON, May 27 (Reuters) - European refiners outside France
and oil traders are gearing up to cash in on the unexpected
demand for diesel created by French strikes that have blocked
oil terminals and shut down refineries.
PARIS, May 27 (Reuters) - The fuel supply situation in
France is improving after a week of disruption and shortages
caused by strikes and all but one of the country's fuel depot
blockades has been cleared, a transport ministry spokesman said
on Friday.
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.