Energy Update

You are here

Home » Global Read

UPDATE 2-China rail giant CRRC ramps up overseas drive as unit signs Las Vegas-Los Angeles deal

BEIJING, Sept 17 (Reuters) - A unit of China's CRRC Corp , the world's biggest train maker by revenue, on Thursday agreed a deal to help build a planned high-speed link from Las Vegas to Los Angeles, underlining the rail giant's lofty overseas ambitions.<

UPDATE 5-Oil slips as Asia data outweighs U.S. stock draw

* Coming up: Federal Reserve rate decision at 1800 GMT (Updates throughout, changes dateline, previous SINGAPORE)

Asia's H1 2015 metallurgical coal spot trade volume falls as Chinese demand thins

Spot trades of seaborne metallurgical coal into Asia-Pacific have fallen 9.6% year on year to 28.2 million mt in the first half of 2015, led by a significant decline in Chinese imports and slower-than-expected growth in India's demand.

UPDATE 1-Rotork feels pinch from weak oil and gas, warns on results

Sept 17 (Reuters) - Rotork Plc forecast full-year revenue below analyst expectations as the valve-control systems maker was hurt by project deferrals and cancellations, and "particularly weak" trading in August.

UPDATE 1-BP to suspend operations at Caspian Sea platform

BAKU, Sept 17 (Reuters) - BP is to suspend operations at one of its platforms in the Caspian Sea for planned maintenance, a spokeswoman for BP Azerbaijan said on Thursday.

Sibanye Gold invests in coal firm to secure fuel for power production

JOHANNESBURG, Sept 17 (Reuters) - South Africa's Sibanye Gold has entered into an agreement with a coal provider to secure fuel for power production as it seeks to reduce its dependence on unreliable electricity supply from state-run utility Eskom.

S.Korea c.bank chief: low inflation mostly due to energy prices

SEOUL, Sept 17 (Reuters) - South Korea's central bank chief said on Thursday lower fuel prices were largely responsible for an easing in annual consumer inflation by 1.4 percentage points in recent months, adding inflation would have been at or above 2 percent.

SE Asia Stocks -Up ahead of Fed; Malaysia near 6-week high

BANGKOK, Sept 17 (Reuters) - Southeast Asian stock markets rose on Thursday ahead of a likely policy move by the U.S. Federal Reserve, with stocks in Malaysia outperforming and Singapore hitting a more than one-week high as a big jump in global oil prices boosted energy stocks. Oil prices jumped as much as 6 percent on Wednesday after a U.S. stock draw. Oil bulls were also encouraged by doubts on whether the Fed will decide to hike U.S.

Coal use in China is slowing

(Thu, 17 Sep 2015) Economic deceleration, industry restructuring, and new energy and environmental policies have slowed the growth of coal consumption in China and are also driving more centralized and cleaner uses of coal. After nearly a decade of rapid growth, energy-based consumption of coal, which currently supplies two-thirds of China's overall energy use, grew only 1% to 2% in 2012 and 2013 and was essentially flat in 2014.

UPDATE 1-KKR's Samson Resources files for bankruptcy, lenders to take control

Sept 17 (Reuters) - Oil and gas producer Samson Resources Corp filed for Chapter 11 bankruptcy protection on Wednesday to carry out a debt-cutting plan reached with key lenders, who will assume control of the company.

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