Energy Update

You are here

HONG KONG/SINGAPORE, April 5 (Reuters) - Noble Group will have to fork out more than double in interest margin on a $1-billion unsecured loan it is raising with banks, as a fall out of the commodity trader's credit rating downgrades, sources familiar with the matter said.

OSLO, April 6 (Reuters) - Industrial activity such as mining and logging threatens almost half of the world's natural World Heritage sites, from Australia's Great Barrier Reef to the Inca citadel of Machu Picchu in Peru, the WWF conservation group said on Wednesday.

LONDON, April 5 (Reuters) - Unexpectedly weak gasoline consumption in the United States reported for the month of January has been blamed by some market participants for the continued slide in oil prices on Tuesday.

ANKARA, April 6 (Reuters) - Iranian Oil Minister Bijan Namdar Zanganeh said the country's crude output would reach four million barrels per day (bpd) by March 2017, state television reported on Wednesday.

MUMBAI, April 6 (Reuters) - India's all-singing, all-dancing movie hits capture the attention of hundreds of millions of fans - but they generate precious little in box office profits for the world's largest cinema industry.

QUITO, April 5 (Reuters) - Latin American oil producers Colombia, Ecuador, Mexico and Venezuela are to meet on Friday to discuss an output freeze or other methods to bolster crude prices, Ecuador's President Rafael Correa told journalists on Tuesday.

NIAMEY, April 5 (Reuters) - Nigeria's fuel shortages have caused power cuts across the border in Niger, according to a statement released by the state electric company, NIGELEC, affecting seven of Niger's eight regions for the past 72 hours.

LOS ANGELES, April 5 (Reuters) - Electrical generators in the greater Los Angeles area face up to 14 days of natural gas shortages severe enough to cause blackouts this summer in the aftermath of the months-long methane leak from the Aliso Canyon gas storage field, state energy officials warned on Tuesday.

* Allies back Abadi to avoid delaying war against Islamic State

SAO PAULO/BRASILIA, April 5 (Reuters) - Officials from China State Grid visited energy transmission projects in Brazil under construction by Abengoa SA to evaluate the merits of a takeover of the assets that had stalled last year when the Spanish firm ran into financial problems, two sources confirmed on Tuesday.

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.