Energy Update

You are here

Home » Global Read

UPDATE 1-China's strategic oil reserves double to 190 mln bbl - stats bureau

BEIJING, Dec 11 (Reuters) - China said it more than doubled the size of its strategic crude oil reserves between November 2014 and the middle of this year, building inventories at a rate exceeding analysts' estimates of the country's stockbuilding.

UPDATE 1-JKX's second-biggest shareholder seeks management shake-up

Dec 11 (Reuters) - JKX Oil & Gas Plc's second largest shareholder, Proxima Capital Group Inc, said it had sought a general meeting to replace nearly all of the energy company's management with its nominees.

Trade rows brew as China helps home team tackle slowdown

* U.S. acting on China aluminium "dumping", aviation tax breaks

China's crude oil stockpiles at 26.1 mln tonnes - stats bureau

BEIJING, Dec 11 (Reuters) - China's oil reserves stood at 26.1 million tonnes, or 190.5 million barrels, in mid-2015, the country's statistics bureau said on Friday.

European shares fall to hover near 2-month lows

LONDON, Dec 11 (Reuters) - European shares fell on Friday as weak commodity prices put pressure on markets before a widely expected rise in U.S. interest rates next week.

UPDATE 1-Slovenia's Petrol sees 2016 profit up at 68.8 mln euros

LJUBLJANA, Dec 11 (Reuters) - Slovenia's largest fuel retailer Petrol expects 2016 net profit to come in at 68.8 million euros, up from a profit of 64.3 million forecast for 2015, Petrol said on Friday.

From labs to processing, Dow-DuPont merger would create new force in Asia petrochemicals

* Regional players from Japan, Taiwan, Korea would be challenged

JKX's second-biggest shareholder seeks board shake-up

Dec 11 (Reuters) - JKX Oil & Gas Plc's second largest shareholder, Proxima Capital Group Inc, said it sought a general meeting of the company to elect a new management.

India's Essar secures loan from Russia's VTB to delist shares-sources

NEW DELHI/MOSCOW, Dec 11 (Reuters) - India's Essar Group has secured a $330 million loan from Russian bank VTB to delist shares in its oil refining subsidiary Essar Oil Ltd , two sources familiar with the matter told Reuters.

Australian biofuel use to plummet despite Queensland ethanol mandate

The mandate may provide a small uptick in demand for the blendstock, but it will not put a dent in a forecast crash in Australia’s overall use of biofuels.

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