Energy Update

You are here

Home » Global Read

Oil industry bet big on Jeb Bush for president, Reuters review shows. Now what?

Feb 19 (Reuters) - U.S. oil and gas executives bet big on 2016 Republican presidential candidate Jeb Bush - they donated more to his White House run than to all of his rivals combined, according to a Reuters review of campaign disclosures.

Higher prices hit Venezuela's pumps but fuel still cheaper than water

CARACAS, Feb 19 (Reuters) - Venezuela's 1989 fuel price hike helped spark riots that left hundreds dead, traumatized the country and spooked future presidents from touching the world's cheapest fuel.

IMF's Lagarde says G20 should focus on policy spillovers

WASHINGTON, Feb 19 (Reuters) - IMF Managing Director Christine Lagarde said on Friday that G20 finance ministers and central bank governors should focus on economic spillovers from their policy decisions when they meet in Shanghai next week.

Hawaiian Electric Cancels Contracts for Solar Power from Three SunEdison Projects

SunEdison Inc., the clean-energy developer that’s slumped 92 percent in the past year, fell so far behind on some solar farms that utility Hawaiian Electric Co. made the rare move to cancel its contracts to buy the output, saying it couldn’t wait any longer.

Now is the Wrong Time for States to Reduce Solar Incentives

Thanks in large part to state and federal incentives, the cost to install solar PV systems has decreased 400 percent over the last eight years, while technology advancements have improved system efficiency. As a result, the cost of solar energy is approaching the point at which governmental incentives will no longer be necessary.

UN's climate chief to quit, praises Paris agreement

PARIS, Feb 19 (Reuters) - The U.N.'s climate chief said on Friday she will step down in July, at the end of a six-year term, and praised governments for reaching a 195-nation deal in Paris in December to shift the world economy from fossil fuels to cleaner energies.

Guinea strike ends after agreement reached over wages, pensions

CONAKRY, Feb 19 (Reuters) - Guinea's four-day general strike ended on Friday after the government agreed to raise wages and pensions for workers, labour union officials and the government said on Friday.

Thailand's PTT returns to net profit in Q4, coal business weighs

BANGKOK, Feb 19 (Reuters) - PTT Pcl, Thailand's largest energy firm, said on Friday it returned to a small net profit in the fourth quarter, though it missed analysts' expectations mainly due to a huge impairment loss from its coal business.

The Saga of a U.S.-China Corporate Murder-Suicide

A few Sunday's ago, my analysis of the Chinese wind industry, which the respected publication, Renewable Energy World, published in 2012, made a cameo appearance in a 60 Minutes’ segment called The Great Brain Robbery, which report described the widespread practice of Chinese cyber hacking of American companies.

UPDATE 2-Half of global oil glut may disappear if output deal works, says Russia

* Russia sees its 2016 oil output up 1.5 pct y/y (Adds details, quotes, background)

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.

Photos