Energy Update

You are here

LONDON, Feb 4 (Reuters) - Gold and zinc surged to their highest in over three months on Thursday, buoyed by a tumble in the dollar, while oil failed to build on sizzling gains in the previous session as doubts grew about whether producers would agree to cut output.

Feb 4 (Reuters) - Power producer Duke Energy Corp said it was looking to sell all or part of its international unit, a year after the company reviewed the business and decided to stick with it.

* Shares fall 4 pct in light premarket trading (Adds details on production, CEO comment)

Feb 4 (Reuters) - Occidental Petroleum Corp said its 2016 capital budget was expected to be not more than $3 billion, nearly half its 2015 levels, and reported a bigger-than-expected loss for the fourth quarter.

LONDON, Feb 4 (Reuters) - The number of people employed in oil and gas extraction and support activities across the United States has fallen by around 100,000 since October 2014.

ISTANBUL/OSLO, Feb 4 (Reuters) - Traumatised by months of fighting between security forces and Kurdish militants which has killed hundreds, Turkey's southeast suffered an economic blow on Thursday as a major hydropower project in the region was suspended due to security concerns.

* China needs top notch waste management technology (Adds details on valuation, deal advisers)

* Shares outperform sector, rising 6.2 pct (Adds share price, CEO, CFO comments, details)

Feb 4 (Reuters) - Duke Energy Corp, the largest U.S. power company by generation capacity, said it was looking to sell a whole or part of its international energy unit.

Feb 4 (Reuters) - Occidental Petroleum Corp said its 2016 capital budget is expected to be not more than $3 billion, nearly half its 2015 levels, and reported a bigger loss for the fourth quarter.

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.