Energy Update
DOHA, April 18 (Reuters) - A deal to freeze oil output by
OPEC and non-OPEC producers fell apart on Sunday, leading to a
steep drop in oil prices towards $40 on Monday.
BEIJING, April 18 (Reuters) - China will reduce the number
of statutory working days for its coal miners to 276 a year from
330 as it bids to tackle a chronic supply glut that has sapped
prices, the country's work safety watchdog said on Monday.
KARACHI, Pakistan, April 18 (Reuters) - Pakistan shares
edged lower on Monday, with oil stocks dragging the index down
after a producers' meeting in Doha aimed at capping global oil
output failed, analysts said.
MANILA, April 18 (Reuters) - The United States will transfer
an observation blimp to the Philippines to help it track
maritime activity and guard its borders amid rising tensions in
the South China Sea, a U.S. diplomat said on Monday.
Oil revenues let Alaska cut dividend checks to its residents, but now oil prices are low and production is down. What kind of options does the state have to bolster its finances?
JUBA, April 18 (Reuters) - U.N. Secretary General Ban
Ki-moon has urged the leaders of war-torn South Sudan to form a
transitional government quickly and roll out other parts of a
fragile peace deal aimed at ending more than two years of
conflict.
LONDON, April 18 (Reuters) - BHP Billiton
Chief Executive Andrew Mackenzie said on Monday that businesses
could face a decade of damaging uncertainty if Britain voted to
leave the European Union in a June 23 referendum.
LONDON, April 18 (Reuters) - Hurricane Energy has
found a new investor in private equity fund manager Kerogen
Capital which is injecting 44.1 million pounds ($62 million)
into the company for a nearly 30 percent stake, showing some
rare appetite in oil deals amid weak prices.
MILAN, April 18 (Reuters) - European shares fell in early
trading on Monday, with oil stocks leading the market lower as
crude prices tumbled after a meeting by major exporters in Doha
collapsed without a deal to freeze output.
LONDON, April 18 (Reuters) - Britain's largest energy
supplier Centrica said on Monday it had lost another 1.5
percent of its home energy accounts in the first quarter,
highlighting the company's market share continues to be under
severe pressure from rivals.
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.