Energy Update

You are here

Home » Global Read

UPDATE 1-Lyondell's Houston coker restart expected by mid-June -sources

HOUSTON, May 16 (Reuters) - A coking unit at LyondellBasell
Industries' Houston refinery is expected to restart
between late May and mid-June for the first time since being
damaged in an April 8 fire, Gulf Coast market sources said on
Monday.

Algeria orders $40 mln LPG vessel from China -Sonatrach document

ALGIERS, May 16 (Reuters) - A subsidiary of Algerian state
energy company Sonatrach has awarded two Chinese firms a $40
million deal to deliver a liquefied petroleum gas (LPG) carrier
and an option to provide a second vessel, according to a
Sonatrach document seen by Reuters.

UPDATE 1-U.S. shale output to dip for eighth consecutive month -EIA

NEW YORK, May 16 (Reuters) - U.S. shale oil output is
expected to fall in June for the eighth consecutive month,
according to a U.S. government forecast on Monday, as the
squeeze from a two-year rout in crude prices worsens.

UPDATE 2-Arms embargo exemptions being considered for new Libyan government

* Chaos has benefited Islamic State, people smugglers

(Adds detail on oil exports, unity government statement)

UPDATE 1-Alberta wildfire near Enbridge crude oil tank farm -officials

CALGARY, Alberta, May 16 (Reuters) - A massive wildfire
burning around the oil sands hub of Fort McMurray, Alberta is
about 1 km (1,094 yards) away from Enbridge Inc's
Cheecham crude oil tank farm, but is under control for now,
emergency officials said on Monday.

US refiners feel the pinch of Renewable Fuel Standard costs

Smaller US refiners unable to blend their own gasoline are facing higher RIN costs which are eating into refinery operating costs.

Brazil's interim leader rejects minister's threat to prosecutors

SAO PAULO May 16 (Reuters) - Brazil's interim president,
Michel Temer, on Monday said he would continue a tradition of
nominating a prosecutor general who is recommended by a group of
the candidate's peers, calming fears the position's autonomy
would be compromised.

UPDATE 2-Nigerian oil output down 40 pct on Delta pipeline attacks

ABUJA, May 16 (Reuters) - Nigeria's oil production has
fallen by almost 40 percent to 1.4 million barrels a day due to
militant attacks on facilities in the Delta region, its oil
minister said on Monday.

UPDATE 1-Libya to resume oil shipments from Hariga after talks -sources

NEW YORK/LONDON, May 16 (Reuters) - Libya will resume oil
shipments from the port of Marsa El Hariga after an agreement
was reached at talks in Vienna between rival oil officials
representing the east and west of the country, Libyan oil
sources told Reuters.

Britain's FTSE finishes higher on stronger miners

LONDON, May 16 (Reuters) - Britain's top share index ended
higher on Monday, with a rally in basic resources stocks on the
back of stronger metals prices supporting the broader equities
market.

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.

Photos