Energy Update

You are here

* Talks enters new chapter after resignations of key negotiators (New throughout)

A French engineering company will use solar panels to power an innovative desalination demonstration project in Abu Dhabi operated by clean energy group Masdar.

BAGHDAD, Jan 19 (Reuters) - Iraq wants foreign oil companies to cut spending as the nation seeks to narrow a budget gap caused by lower crude prices, oil minister Adel Abdul Mahdi said in a statement on Tuesday.

Jan 19 (Reuters) - Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016 and could push the price below its current 12-year lows, the International Energy Agency said on Tuesday.

Jan 19 (Reuters) - Potash Corp of Saskatchewan said on Tuesday it would suspend operations "indefinitely" at its Picadilly mine in the Canadian province of New Brunswick, resulting in the loss of 420 to 430 jobs.

Jan 19 (Reuters) - Potash Corp of Saskatchewan said it would "indefinitely" suspend potash mining at Picadilly, New Brunswick in Canada in response to weakening demand for the crop nutrient.

SINGAPORE, Jan 19 (Reuters) - Singapore's central bank will provide an effective anchor for economic and financial stability amid global and regional uncertainties, Tharman Shanmugaratnam, a deputy prime minister said.

KATHMANDU, Jan 19 (Reuters) - Talks between the Nepali government and minority groups to resolve a dispute over a new constitution have fallen apart, opposition leaders said on Tuesday, dashing hopes that protests that have led to crippling fuel shortages will end soon.

BERLIN, Jan 19 (Reuters) - Germany on Tuesday warned against a hasty exit from coal-fired power generation, concerned that such a move could pile more pressure on producers still wrestling with the planned shutdown of nuclear plants by 2022.

* Extra space cuts chance overspill will drive oil price down

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.