Energy Update

You are here

MARIANA, Brazil, Nov 6 (Reuters) - Casualties from a collapsed dam at a Brazilian mine owned by Vale and BHP Billiton mounted on Friday after rescue teams worked through the night to find the dozens missing in mudslides that devastated a nearby village.

HOUSTON/NEW YORK, Nov 6 (Reuters) - U.S. shale oil producers, having slashed fat from 2015 budgets after a 50-percent drop in crude prices, risk cutting to the bone next year as they pare spending further and get ready for a prolonged downturn.

TOKYO, Nov 6 (Reuters) - Japan's five biggest trading houses have given up hopes for a quick rebound in commodity prices, with top-ranked Mitsubishi revising its outlook for a recovery to 2018 from 2017.

WASHINGTON, Nov 6 (Reuters) - A multi-billion dollar fund set up by the United Nations to help poor countries tackle climate change approved its first eight projects on Friday, a key step before a global climate summit starts on Nov.

SAO PAULO, Nov 6 (Reuters) - A burst dam at an iron ore mine owned by Vale and BHP Billiton left at least two people dead, more than 30 injured and dozens missing overnight, a spokesman for firefighters in the city of Mariana said on Friday.

HARARE, Nov 6 (Thomson Reuters Foundation) - In the dead of night, trucks loaded with illegally logged wood weave their way past police roadblocks to a capital city shrouded in darkness.

WARSAW, Nov 6 (Reuters) - Poland's biggest gas distributor PGNiG on Friday raised its 2015 core profit target thanks to cost cuts and increased production after it reported a bigger than expected 53 percent fall in third-quarter net profit.

* Letter asks EU members to investigate (Adds official comment)

LONDON, Nov 6 (Reuters) - Greenhouse gas emissions in 2030 could still be up to 12 billion tonnes more than the level needed to keep global warming within 2 degrees Celsius this century, a United Nations report estimated on Friday.

BEIJING, Nov 6 (Reuters) - China should slow down its expansion plans for coal-fired power plants to take account of an expected decline in demand from energy-intensive industries such as steel and cement, said researchers at government-backed think tanks.

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.