Energy Update

You are here

Home » Global Read

Asia Gasoline-Pakistan to pay more for Feb-Mar cargoes vs Dec-Jan

SINGAPORE, Jan 25 (Reuters) - Pakistan State Oil (PSO) is set to buy a total of 350,000 tonnes of gasoline for February to March delivery at $87 to $89 a tonne above Middle East naphtha quotes on a cost-and-freight (C&F) basis, industry sources familiar with the matter said on Monday.

COLUMN-Oil volatility surges as hedge funds lighten record short positions: Kemp

LONDON, Jan 25 (Reuters) - Hedge funds had covered only a small part of their record short position in crude oil by early last week, but it was still enough to send prices surging more than $6 higher over the course of Thursday and Friday.

OPEC evaluating need for extraordinary meeting - Qatar

LONDON, Jan 25 (Reuters) - OPEC is still evaluating the need for an extraordinary meeting after receiving a request to hold such a gathering because of a steep fall in oil prices, Qatar's energy minister Mohammed al-Sada said on Monday.

UPDATE 7-Oil falls 3 percent on swelling oversupply

* Oil prices to balance at moderate levels - Aramco chairman (Adds Iraq details, ICE data, updates prices)

UPDATE 1-India, France sign Rafale fighter plane accord but haggle over price

* Nuclear reactor deal within a year (Adds plane-maker comment, nuclear details)

UPDATE 1-Halliburton profit better-than-expected on cost cuts

Jan 25 (Reuters) - Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly adjusted profit as deep cost cuts helped offset the impact of a drop in drilling activity.

Mega deals announced as Iranian president travels to Italy

ROME, Jan 25 (Reuters) - Italy is poised to sign deals worth up to 17 billion euros ($18.4 billion) with Iran during President Hassan Rouhani's visit to Rome, which started on Monday, a government source said.

Halliburton reports quarterly loss on asset write-offs

Jan 25 (Reuters) - Halliburton Co, the world's No.2 oilfield services provider, reported a quarterly loss compared with a year-ago profit, as it recorded $282 million in charges related to asset write-offs and other items.

RPT-Canadian companies' profits hurt by oil price rout

TORONTO, Jan 25 (Reuters) - The oil price rout and related Canadian dollar slide that is ravaging the country's economy is starting to take its toll on corporate profits, from rail and retail to seemingly unrelated sectors like telecoms.

UPDATE 1-China investors flock to IPO under relaxed rules despite market jitters

* IPO stocks generally priced at heavy discount to listed peers (Adds China market turmoil, investor comments)

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