Energy Update

You are here

LONDON, May 6 (Reuters) - Brazil's consumption of gasoline
and diesel is falling as the country's commodity-driven boom
falls apart and the economy shrinks.

GREGOIRE LAKE, Alberta, May 8 (Reuters) - Fort McMurray's
160 firefighters worked almost non-stop in the first days of a
massive Canadian wildfire that sent nearly 90,000 fleeing for
safety, even as some of them lost their own homes, fire
officials said on Sunday.

(Adds rise in generation capacity to 23 pct from 18 pct previously)
May 8 (Reuters) - Cogeneration power plants in the fire-ravaged Canadian oil town of Fort McMurray,
Alberta, were operating at about 23 percent of capacity by Sunday afternoon, up from around 18 percent
earlier in the day, as demand for power rose in the region even as a wildfire forced oil sands
producers there to shut their operations.

BEIJING, May 8 (Reuters) - Chinese soybean imports surged 33
percent higher in April from a year ago, setting a monthly
record, amid strong demand for soymeal and soyoil. Iron ore
imports also climbed last month on a recovery in steel
production in the second quarter.

BEIJING, May 8 (Reuters) - China's imports of crude oil rose
7.6 percent in April from a year ago, customs data showed on
Sunday, lifted by continued strong demand from domestic private
refiners.

MAPUTO, May 6 (Reuters) - The 24 fishing boats rusting in
the harbour of Mozambique's capital were meant to be a modern
tuna fleet that would rake in hard currency, create jobs and
provide a cheap source of protein for one of the world's poorest
countries.

LONDON/DUBAI, Dec 8 (Reuters) - - If Ali al-Naimi were to
review his time as Saudi oil minister, he might feel events had
turned full circle.

LONDON/DUBAI, May 7 (Reuters) - It was January 2016 and oil
prices had crashed to their lowest in more than a decade.

* Actions show output cuts curbing supplies

(Adds details on Suncor, Phillips 66 notifications)

NEW YORK, May 6 (Reuters) - BP PLC said on Friday it
would not be able to deliver on some contracts for Canadian
crude due to a wildfire that has cut Canada's oil sands output
in half and snarled supply lines.

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.