Energy Update

You are here

* Market pares gains as focus returns huge crude stockpile build (New throughout with market settlements)

SOCHI, Russia, Oct 22 (Reuters) - Russian President Vladimir Putin said on Thursday the rouble rate has stabilised despite continuing oil price fluctuations.

Oct 22 (Reuters) - Teck Resources Ltd reported stronger-than-expected operating earnings on Thursday, and its share price rose even though weak commodity prices prompted the Canadian miner to write down the value of its coal and other assets by C$2.2 billion ($1.68 billion).

* Tauron to use stake in PKO bank as collateral (Adds more detail, background)

LONDON, Oct 22 (Reuters) - The world's biggest oil traders are sitting on a war chest worth billions of dollars, but are reluctant to embark on a spending spree, because the pool of available assets is either too pricey or simply not for sale.

The U.S. Department of Agriculture and U.S. Department of Energy in a combined announcement on Oct. 21 said they will award $4.9 million in grants to four universities and the USDA Agriculture Research Service to study bioenergy development.

* Says Hyundai yard demands additional time and $167 mln payment

* Shares fall 3 pct (Adds comments and background on TGC-1 and Fennovoima, writes through)

DBL Partners, the same venture capital fund that supported SolarCity for many years, has led the largest venture capital funding for distributed energy in Africa. Off Grid Electric announced today that it raised $25 million in a Series C investment.

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.