Energy Update

You are here

LONDON, March 7 (Reuters) - The UK government supports plans by French energy company EDF to build a new nuclear power station in Britain, Prime Minister David Cameron's spokeswoman said on Monday after the company's finance director resigned.

* First day of trading planned for 18 March 2016 (Adds background on rationale of flotation, details)

BRASILIA, March 7 (Reuters) - A friend of Brazil's former President Luiz Inacio Lula da Silva arrested in November for allegedly taking out a fraudulent loan to the Workers' Party is negotiating a plea bargain deal with prosecutors, newspaper Valor Economico reported on Monday.

JAKARTA, March 7 (Reuters) - Indonesia's OPEC governor said on Monday a deal was imminent for importing Iranian condensate and liquefied petroleum gas, but not for crude oil.

March 7 (Reuters) - Oil exports from northern Iraq fell by almost half to an average of 350,067 barrels per day (bpd) in February as a result of an ongoing outage of the pipeline to Turkey, the Kurdistan region's Ministry of Natural Resources said on Monday.

** Oil producer Premier Oil up 17 pct & top gainer on Stoxx small-cap market

* But China climate change envoy says emissions have not peaked

MILAN, March 6 (Reuters) - Russia's Gazprom is counting on its deep natural gas ties with Italy to revive plans aimed at bypassing Ukraine as a transit state for politically sensitive gas shipments to Europe.

DUBAI, March 7 (Reuters) - Iran's sales of crude oil will reach 2 million barrels a day "soon", the economy minister was quoted as saying on Monday, as the Islamic Republic boosts output after sanctions were lifted in January.

Two of the biggest names in the oil industry believe that the wounds inflicted by cratering crude prices will heal slowly.

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.