Energy Update

You are here

PARIS, April 27 (Reuters) - French energy company Total
reported a better-than-expected net profit for the
first quarter as high output and strong performance in refining
and chemicals helped limit the impact of a prolonged fall in oil
prices.

* Russia has so far dominated oil sales to China's teapot
refiners

* Analysts warn that end of bull-run could be close

(Adds comment, updates prices)

HELSINKI, April 27 (Reuters) - State-controlled Finnish
refiner Neste reported a bigger-than-expected fall in
first-quarter earnings on Wednesday, due to volatile gasoline
refining margins.

RIYADH, April 26 (Reuters) - Reforms promised by a young
Saudi prince are couched in references to the kingdom's Islamic
tradition but include ideas likely to upset some conservatives,
risking future ruptures over the direction of society.

PARIS, April 27 (Reuters) - French oil and gas major Total
reported a better that expected net profit in the
first quarter of the 2016 as high output and a strong
performance in refining and chemicals helped limit the impact of
a prolonged fall in oil prices.

* March industrial profits rise 11.1 pct y/y, up 7.4 pct in
Q1

LONDON, April 26 (Reuters) - Nearly 240 million tonnes of
steel rebar traded on the Shanghai Futures Exchange (ShFE) last
Thursday.

SINGAPORE, April 27 (Reuters) - Crude oil futures rose half
a dollar in early Asian trading on Wednesday and remained near
2016 highs on the back of strong investor sentiment and a weak
dollar, although analysts warned this month's bull-run could
soon run out of steam.

SAN FRANCISCO, April 26 (Reuters) - Stanford University's
announcement on Monday that it will not rid its $22 billion
endowment of oil and gas companies has raised the ire of campus
climate activists, who said on Tuesday they will protest the
decision.

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.