Energy Update

You are here

Home » Global Read

UPDATE 1-China's 2015 natural gas output growth slowest in at least 10 years

* China 2015 natural gas output grows only 2.9 pct vs.

IMF cuts global growth forecast as China, falling oil prices weigh

WASHINGTON, Jan 19 (Reuters) - The International Monetary Fund on Tuesday cut its global growth forecasts for the third time in less than a year, citing a sharp slowdown in China trade and weak commodity prices that are hammering Brazil and other emerging markets.

IEA says oil market to remain oversupplied until late 2016

Jan 19 (Reuters) - Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016, the International Energy Agency said in its monthly report on Tuesday.

UPDATE 2-Total takes oil price hit but will not cut jobs -CEO

PARIS, Jan 19 (Reuters) - French energy company Total expects a drop in 2015 results but does not plan to cut jobs as peer BP has done to weather currently low oil prices, its chief executive said in a radio interview on Tuesday.

UPDATE 1-Members of new Libyan unity government announced under U.N.-backed plan

TUNIS, Jan 19 (Reuters) - Libya's Presidential Council announced a new government of national accord on Tuesday aimed at uniting the country's warring factions under a U.N.-backed plan.

RWE rejects fresh calls for end to coal generation

BERLIN, Jan 19 (Reuters) - RWE, Germany's largest power producer, rejected on Tuesday fresh calls from opposition parties and environmentalists to phase out coal power generation.

Members of new Libyan unity government announced under U.N.-backed plan

TUNIS, Jan 19 (Reuters) - The make up of a new Libyan government of national accord aimed at uniting the country's warring factions under a U.N.-backed plan was announced on Tuesday.

UPDATE 1-Low oil price forces Novozymes to cut growth forecast

COPENHAGEN, Jan 19 (Reuters) - Enzymes maker Novozymes has cut its long-term growth expectations as the prolonged oil price slump is delaying the development of the advanced biofuel industry, the Danish company said on Tuesday.

Kuwait to buy 25 pct stake in South Korea-Saudi venture

DUBAI, Jan 19 (Reuters) - Kuwait's Petrochemicals Industries Co (PIC) has agreed to buy a 25 percent equity stake in a venture owned by South Korea's SK Gas Co Ltd and Saudi Advanced Petrochemical Co, shareholders of the three firms said.

UPDATE 2-China's oil demand likely rose 2.5 pct last year, but 2016 looks weaker

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