Energy Update

You are here

* But slowing China economy raises concerns of stalling demand

March 9 (Reuters) - Irish oil producer Petroceltic International Plc said the country's High Court approved the appointment of Michael McAteer as the company's interim examiner.

TRIPOLI, March 9 (Reuters) - Five years after the uprising that overthrew Muammar Gaddafi, Tripoli is on edge, somewhere between peace and war.

LONDON, March 9 (Reuters) - Iran has managed to sell only modest volumes of oil to Europe since the lifting of sanctions seven weeks ago and several former buyers are staying away, citing legal complications and Tehran's reluctance to sweeten terms to win back customers.

RIYADH, March 9 (Reuters) - Saudi Arabia's plans for economic reform foresee winding down 'jobs for life' in an inefficient state bureaucracy and replacing them with new careers in a dynamic private sector.

* Sees 2015/16 global palm oil production declining by 200,000 T

Joseph Conrad said, "There is nothing more enticing, disenchanting, and enslaving than the life at sea". Platts Konstantinos Tsolakis gives an account of the maritime industry today.

(Wed, 09 Mar 2016) This report provides detailed U.S. domestic coal distribution data for October ? December 2014, excluding waste coal and imports, by coal origin, coal destination, mode of transportation, and consuming sector. Quarterly coal distribution data for all years are preliminary and will be superseded by the release of the corresponding ?Annual Coal Distribution Report.?

(Wed, 09 Mar 2016) U.S. monthly crude oil production in December 2015 continued to decline, as oil production reached its lowest level since November 2014. Production also declined from year-ago levels for the first time in more than four years. This continued production decline is the result of lower crude prices, which have declined more than 70% since the summer of 2014.

(Wed, 09 Mar 2016) Production of petroleum and other liquids in the United Kingdom increased in 2015, as investments made when oil prices were high came to fruition, but the UK remains a net importer. Although production in the UK has not yet responded to lower oil prices, investment in the UK?s oil and natural gas industry is declining. This decline will likely lead to lower production in the future.

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.