Energy Update

You are here

Home » Global Read

UPDATE 2-Taiwan president says visit to disputed island was to promote peace

* Aim of visit "to promote peace, bring attention to Taiwan stand" (Adds arbitration case, quotes)

Putin ally absent as Russia considers joint action with OPEC

LONDON/MOSCOW, Jan 28 (Reuters) - When Russian officials this week discussed the merits of jointly cutting oil output with OPEC to push up prices, one man -- President Vladimir Putin's ally Igor Sechin -- was conspicuous in his absence.

UPDATE 1-Oasis Petroleum raises stock to fund lowered capex for 2016

Jan 28 (Reuters) - North Dakota oil producer Oasis Petroleum Inc launched a new stock offering to partly fund its 2016 capital expenditure of $385 million-$435 million, even though its budget is about 30 percent lower than last year.

Oasis Petroleum raises stock to fund lowered capex for 2016

Jan 28 (Reuters) - North Dakota oil producer Oasis Petroleum Inc launched a new stock offering to partly fund its 2016 capital expenditure of $385 million-$435 million, even though its budget is about 30 percent lower than last year.

Rivalries, squabbles hinder Libya's unity government

* Sticking points included size of cabinet, army appointments

Valero Energy's profit falls on lower refining margins

Jan 28 (Reuters) - U.S. refiner Valero Energy Corp reported a 74 percent decline in quarterly profit, hurt partly by lower refining margins.

UPDATE 1-Penn West cuts 2016 capex by 90 pct, sees 30 pct lower output

Jan 28 (Reuters) - Canadian oil and natural gas producer Penn West Petroleum Ltd cut its 2016 capital budget by as much as 90 percent from a year earlier, to weather a steep plunge in crude oil prices.

UPDATE 2-Iran says low oil prices will not last long

PARIS, Jan 28 (Reuters) - Iranian President Hassan Rouhani said on Thursday that oil prices would not stay low for long as producers restore market balance.

UPDATE 2-JKX Oil & Gas finance director leaves ahead of meeting

* Investors to vote on board shake-up on Thursday (Adds detail, shareholder comment)

COLUMN-California drivers send warning to OPEC: Kemp

LONDON, Jan 28 (Reuters) - California's road traffic in 2014/2015 grew at the fastest two-year rate since 2001/2002, according to the state's Department of Transportation.

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