Energy Update

You are here

Feb 9 (Reuters) - Closely followed oil bull Andy Hall said his Astenbeck Capital Management lost 4 percent in January as weak global markets extended last year's gloom that cost the hedge fund its biggest- ever annual loss of 36 percent, according to monthly data from the fund.

* Trade ministry still needs to issue permit (Adds Freeport comment)

KUWAIT, Feb 9 (Reuters) - State-run Kuwait Petroleum Corp (KPC) plans to sell loss-making assets to cut costs as low oil prices pressure its finances, state news agency KUNA reported on Tuesday.

Feb 9 (Reuters) - Oil and gas producer WPX Energy Inc said it would sell natural gas assets in Colorado's Piceance basin for $910 million to boost liquidity amid a prolonged slump in oil prices.

CALGARY, Alberta, Feb 9 (Reuters) - Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going and safeguard the billions already invested in these multi-decade projects.

ZAGREB, Feb 9 (Reuters) - The Croatian arm of German utility RWE has filed a complaint to the Croatian government accusing state-controlled rival HEP of market abuse.

ZAGREB, Feb 9 (Reuters) - The Croatian arm of German utility RWE has filed a complaint to the Croatian government accusing state-controlled rival HEP of market abuse.

Feb 9 (Reuters) - Prominent oil bull Andy Hall said his Astenbeck Capital Management lost 4 percent in January as tottering global markets extended last year's gloom that cost the hedge fund its biggest annual loss of 36 percent.

LONDON, Feb 9 (Reuters) - From Mexican homebuilders to Kazakh oil firms, more emerging market companies are buying back their dollar bonds from the market, often paying juicy price premiums that have put a welcome bid into the stressed emerging debt sector.

An annual steel scrap industry event in St. Louis is happening this week, and brings back memories of last year, when the market was still reeling from a February price crash.

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.