Energy Update

You are here

Home » Global Read

LMEWEEK-EL Nino to aid nickel, bauxite, tin supplies; cut copper

MELBOURNE, Oct 15 (Reuters) - An El Nino weather pattern that is expected to be the strongest in nearly 20 years looks set to hit copper mining over the coming months, but should boost production of bauxite, nickel ore and tin in 2016, industry sources said.

China courts hardline Buddhist party ahead of Myanmar poll

* Ethnic Rakhine Buddhist party seen making big gains at polls

UPDATE 1-Repsol targets asset sales worth 6.2 bln euros by 2020

MADRID, Oct 15 (Reuters) - Spanish oil major Repsol said on Thursday it would sell assets worth 6.2 billion euros ($7.1 billion) and cut its exploration and production investments by around 40 percent by 2020 to pay back debt and protect its dividend.

UPDATE 2-Australia iron ore miner Fortescue drives down costs, says to keep jobs

* Fortescue says iron ore cash costs to average 15/T by yr-end

UPDATE 2-Australia clears way for Adani's $7 bln coal and rail project

* Adani declines to give target date for first coal (Adds analyst comments)

Saudi Arabia targets Russia in battle for European oil market

LONDON/MOSCOW, Oct 15 (Reuters) - From global majors such as Shell and Total to more modest Polish energy firms, oil refiners in Europe are cutting their longstanding use of Russian crude in favour of Saudi grades as the world's top exporters fight for market share.

U.S., Alaska says will not seek additional $92 mln from Exxon for Valdez spill

Oct 14 (Reuters) - U.S. and Alaska state officials announced on Wednesday they will no longer seek an additional $92 million from Exxon Mobil Corp. to pay for environmental cleanup and restoration stemming from the massive Exxon Valdez oil spill nearly three decades ago.

UPDATE 3-Australia regulator throws Brookfield's $6.5 bln Asciano buyout into doubt

* Shares down on delay concerns (Adds comments from Brookfield)

UPDATE 1-Brent hovers near 1-1/2 week low, U.S. crude drops as supply drags

* US crude stocks up by 9.4 mln bbls, higher than forecast -API

Oil drops on U.S. stockpile build, global glut

SEOUL, Oct 15 (Reuters) - Crude oil futures extended their losses on Thursday after notching up declines every day so far this week, hit by growing U.S.

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