Energy Update

You are here

NEW YORK, March 1 (Reuters) - U.S. stocks led equity markets around the globe to their highest in a month on Tuesday after U.S.

March 1 (Reuters) - Oil and gas producer Anadarko Petroleum Corp slashed its annual budget on Tuesday by more than 50 percent and said its output likely will fall this year, as the company grapples with the crude price plunge.

* Bank has 5 percent of energy portfolio "on watchlist" (Adds CEO, CRO comments from conference call)

MOSCOW, March 1 (Reuters) - The government of Russia's Bashkortostan region is not planning for now to sell its stake in the oil firm Bashneft, TASS news agency cited the region's head Rustam Khamitov as saying.

OSLO, March 1 (Reuters) - Global oil prices appear to have bottomed out and are expected to rise through this year as investment cuts help to reduce a supply glut, a senior analyst at the International Energy Agency said on Tuesday.

ATHENS, March 1 (Reuters) - Greece will decide on whether to grant permits to Canada's Eldorado Gold for its Olympias mine project in northern Greece by the end of this month, its energy minister said on Tuesday, agreeing to a deadline requested by the company.

TBILISI, March 1 (Reuters) - Azeri state oil fund SOFAZ's assets dropped by 9.5 percent year-on-year in 2015 to $33.57 billion, the fund said on Tuesday.

* Gains by pro-Rouhani camp are big blow to anti-Western hawks

* Downbeat PMI surveys raise hopes of more steps from Beijing, ECB

March 1 (Reuters) - Anadarko Petroleum Corp said it plans to monetize up to $3 billion of assets this year amid a slump in crude oil prices.

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.