Energy Update

You are here

CAPE TOWN, Sept 1 (Reuters) - South Africa's energy minister pledged transparency in the country's efforts to seek a nuclear agreement on Tuesday, seeking to reassure opposition parties who have accused the government of favouring a deal with Russia.

BEIJING, Sept 1 (Reuters) - Chinese President Xi Jinping told visiting Venezuelan President Nicolas Maduro on Tuesday that China was willing to look at new areas of financial cooperation, but state media made no mention of specifics.

OLEAN, New York, Sept 1 (Reuters) - Amid the rolling mountains surrounding this quiet town in southwest New York state, tucked away on miles-long stretches of underused rail tracks, hundreds of idle oil tank cars attest to the extent of fallout from oil's rout.

Sept 1 (Reuters) - Canada's Penn West Petroleum Ltd cut its 2015 capital budget for the third time this year, suspended its dividend and said it would lay off about 35 percent of its workforce as it copes with the slump in crude oil prices.

MOSCOW, Sept 1 (Reuters) - Russia will not deliberately cut oil production to prop up prices, however its output may decline if prices remain low, local news agencies quoted Deputy Prime Minister Arkady Dvorkovich as saying on Tuesday.

Sept 1 (Reuters) - Canadian oil and gas producer Penn West Petroleum Ltd said it would lay off about 35 percent of its workforce and suspended its dividend as it copes with a slump in crude oil prices.

* Shares in Koza Ipek group, other media tumble (Adds comments from EU minister, group chairman, strategist)

BARCELONA, Sept 1 (Thomson Reuters Foundation) - After oil prices hit a record high in July 2008, the tiny Pacific nation of the Marshall Islands was forced to declare an economic emergency since around 90 percent of its energy needs were met by imported petroleum products.

ANCHORAGE, Alaska, Sept 1 (Reuters) - President Barack Obama on Tuesday will propose a faster timetable for buying a new heavy icebreaker for the U.S. Arctic, where quickly melting sea ice has spurred more maritime traffic, and the United States has fallen far behind Russian resources.

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.