Energy Update

You are here

Home » Global Read

China's 2016 oil demand expected to rise 4.9 pct -assn

BEIJING, Jan 12 (Reuters) - China's apparent oil demand is expected to rise 4.9 percent this year to 570 million tonnes, or 11.37 million barrels per day, a domestic industry association said on Tuesday.

Strong dollar inflicts more pain on oil as bearish options bets build

* Oil/dollar have seen a 94 pct inverse correlation since 2015

Oil firms offer online petrol trading in China to tap booming vehicle market

SINGAPORE, Jan 12 (Reuters) - Chinese oil firms are launching digital platforms for consumers such as taxi drivers, truck companies and private car owners to buy fuel speculatively for use at a later stage, stoking a growing trend in China's fast-growing vehicle market.

Against the grain: Agriculture grapples with price pressures

The gathering storm swirling around commodity markets augers of troubled times ahead.

State severance tax revenues decline as fossil fuel prices drop

(Tue, 12 Jan 2016) Several states that collect significant revenue from severance taxes on fossil fuel extraction are re-evaluating current and upcoming operating budgets and taxation structures to address revenue shortfalls. Severance taxes are often imposed on the extraction of nonrenewable resources such as crude oil, natural gas, and coal.

UPDATE 2-Crude oil prices fall as much as 20 pct since beginning of the year

* Traders take record short positions (Adds new Brent low, updates prices)

Fed's Kaplan says he'll 'wait and see' on China's U.S. impact

DALLAS, Jan 11 (Reuters) - Robert Kaplan, the new chief of the Dallas Federal Reserve Bank, said on Monday he would take a "wait-and-see" approach on assessing how China's slowdown will affect the U.S.

U.S. crude oil prices approach 20 pct fall since beginning of the year

SINGAPORE, Jan 12 (Reuters) - U.S. crude prices continued a relentless dive early on Tuesday approaching a 20 percent drop since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls.

UPDATE 2-United Airlines sales hurt by Paris attacks, weaker oil industry demand

Jan 11 (Reuters) - United Airlines said on Monday its passenger unit revenue may have fallen more than expected in the fourth quarter just ended, after the November attacks in Paris shook traveler demand and sharply lower oil prices hurt sales to the Houston hub carrier's energy clients.

UPDATE 1-United Airlines sales hurt by Paris attacks, weaker oil industry demand

Jan 11 (Reuters) - United Airlines said on Monday that its passenger unit revenue may have fallen more than expected in the just ended fourth quarter, after the November attacks in Paris shook traveler demand and sharply lower oil prices hurt sales to the Houston hub carrier's energy clients.

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