Energy Update

You are here

Home » Global Read

U.S. crude edges away from 2009 lows; huge storage glut means outlook remains bleak

SINGAPORE, Jan 7 (Reuters) - U.S. oil prices edged away from 2009 lows in early trading on Thursday but overall market sentiment remained extremely bearish due to huge unused amounts of petroleum sitting idle in storage tanks and as China's economy was showing no signs of recovery.

Volkswagen likely to buy back 115,000 cars in US - German report

BERLIN, Jan 7 (Reuters) - German automaker Volkswagen AG assumes it will have to buy back about 115,000 cars in the United States as a result of the emissions scandal, a newspaper reported on Thursday.

Pioneer's stock sale not an option for all US shale companies

Jan 6 (Reuters) - An unexpected $1.4 billion equity raising by Pioneer Natural Resources means the fittest U.S.

UPDATE 2-Petrobras says oil refinery producing normally

RIO DE JANEIRO, Jan 6 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said on Wednesday its Presidente Bernardes oil refinery is producing normally, but acknowledged delays in the delivery of fuel in some states.

UPDATE 2-TransCanada sues U.S. over Keystone XL rejection, seeks damages

CALGARY/WASHINGTON, Alberta, Jan 6 (Reuters) - TransCanada Corp sued the U.S government on Wednesday to reverse President Barack Obama's rejection of the Keystone XL pipeline, calling his decision unconstitutional.

China goes underground to expand its strategic oil reserves

* Underground sites are seen as safer and cheaper in long-term

U.S. company's 'everyone does it' defense rejected in class action

WILMINGTON, Del, Jan 6 (Reuters) - Corporate legal battles are often decided on nuanced readings of dense statutes, but one recent ruling that could expose scores of U.S.

U.S. power companies told to review defenses after Ukraine cyber attack

BOSTON, Jan 6 (Reuters) - A quasi-governmental U.S. electric industry group last week advised members to review network defenses following reports that 80,000 customers of a Western Ukraine utility lost power for six hours following a cyber attack.

Obama, Abadi discuss concern over Saudi Arabia execution in call

WASHINGTON, Jan 6 (Reuters) - President Barack Obama and Iraqi Prime Minister Haider al-Abadi on Wednesday discussed their "mutual concern" over Saudi Arabia's execution of Shi'ite cleric Nimr al-Nimr and attacks on Saudi Arabia's embassy in Iran, the White House said.

UPDATE 1-California governor declares LA-area gas leak an emergency

LOS ANGELES, Jan 6 (Reuters) - Governor Jerry Brown on Wednesday declared a Los Angeles-area natural gas leak that has been sickening area residents an emergency, and vowed to protect public health and safety.

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