Energy Update

You are here

* Crude oil drop means cheaper feedstock prices for refiners Rising car sales in China, India prop up gasoline demand

SAO PAULO/BRASILIA, Jan 13 (Reuters) - State-controlled oil producer Petróleo Brasileiro SA hired Banco Bradesco BBI to help sell a 36.1 percent stake in petrochemical giant Braskem SA, Folha de S. Paulo newspaper reported on Wednesday.

* Premier Oil shares suspended in London (Adds details, background, E.ON declined comment)

Jan 13 (Reuters) - Add solar energy investors to the list of those smarting from crude oil's latest price dive.

MOSCOW, Jan 13 (Reuters) - "New realities" including the possibility that oil prices will remain low for a prolonged period will force Russia to take hard decisions about government spending, its finance minister said on Wednesday.

BRASILIA, Jan 13 (Reuters) - Brazil's state-controlled oil producer Petrobras is seeking to sell its 5.8 billion Brazilian real ($1.4 billion) stake in petrochemical producer Braskem SA, newspaper Folha de S.

Jan 13 (Reuters) - Fenner Plc said it planned to restructure its conveyor belt business in North America and reduce about 20 percent of the unit's workforce, as it undertakes another round of cuts to live out a slump in demand from the U.S. coal industry.

FRANKFURT, Jan 13 (Reuters) - Frankfurt prosecutors said they have charged a British man with having been a member of a gang involved in fraudulent trading of carbon permits and evading about 58 million euros ($62.7 million) of taxes.

BEIJING, Jan 13 (Reuters) - China's commodity imports surged in December as tumbling prices spurred opportunistic buying, but shipments of some commodities are expected to start tapering off this year as slower economic growth checks demand.

Jan 13 (Reuters) - Fenner Plc announced a restructuring of its conveyor belt business in North America and said it would cut about 20 percent jobs in the unit, as it tries to live out a slump in demand from the U.S.

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.