Energy Update

You are here

* Investors cheered by Thursday's Fed minutes (Adds quote, detail)

WASHINGTON, Oct 9 (Reuters) - U.S. regulators on Friday said a February oil train derailment in Mount Carbon, West Virginia, was caused by a rail defect that CSX Corp and its contractor missed during at least two inspections conducted months before the accident. (Reporting by David Morgan; Editing by Chizu Nomiyama)

Green Charge Networks, the largest provider of commercial energy storage in the U.S., said it has entered the California Independent System Operator (CAISO) market.

Votorantim Industrial SA, a Brazilian industrial conglomerate that expanded into renewable energy three months ago, is planning to triple its wind capacity by next year, part of a long-term effort to eventually own 1 GW of clean power plants.

KUWAIT, Oct 9 (Reuters) - The lack of a clear leader or "anchor" in the global oil market is fueling uncertainty and leading to sharp swings in crude prices, but this uncertainty is unlikely to continue for long, a senior Saudi oil adviser said.

Russian company RAO ES East will construct 178 renewable energy facilities with a total capacity of 146 MW within the coming five to seven years at the country’s Far East and close to the Artic Circle.

HANOI, Oct 9 (Reuters) - Vietnam will exempt some state firms from a Pacific trade pact agreed this week and has negotiated to keep export taxes on its crude oil and coal to support an overstretched state budget, its chief negotiator said on Friday.

LONDON, Oct 9 (Reuters) - Timespreads for West Texas Intermediate (WTI) and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.

LONDON, Oct 9 (Reuters) - Oil traders are preparing to store diesel in giant tankers off the coasts of northern Europe and New York as land storage tanks are nearly full, traders said on Friday.

LONDON, Oct 9 (Reuters) - The investment arm of Israeli gas firm Delek Group has acquired a near 20 percent stake in North-Sea focused oil producer Ithaca Energy for $66 million, the companies said on Friday.

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.