Energy Update

You are here

Home » Global Read

UPDATE 1-Indian oil min says met Cairn India over Vedanta merger

NEW DELHI, June 12 (Reuters) - India's oil minister met executives from oil company Cairn India this week to discuss its potential merger with parent Vedanta Ltd, the operating unit of London-listed mining and energy group Vedanta Resources Plc.

Trust improving in complex UN climate talks, officials say

BONN, Germany, June 12 (Thomson Reuters Foundation) - The latest round of U.N. climate talks in Bonn helped build trust among countries and kept the long trek to a new global climate deal on track, despite a lack of substantive progress over the past two weeks, officials and experts said.

Few positive signs for steel and iron ore at mid-year point

Platts editor Paul Bartholomew talks about the steel market's weakness as it continues to weigh on both iron ore demand and prices.

UPDATE 1-Rio Tinto faces $300 mln charge for aborted uranium project

June 12 (Reuters) - Rio Tinto may have to book a $300 million provision after its subsidiary Energy Resources of Australia (ERA) decided to shelve a uranium project due to weak market conditions.

Weaker commodity stocks, Greece concerns hit Britain's FTSE

* Greek debt jitters hurting market sentiment (Adds detail)

UPDATE 1-Rich nations in stalemate over coal subsidy phase-out

* No deal would be an embarrassment ahead of U.N. climate talks (Adds OECD comment)

Lonmin under pressure after Glencore stake transfer to shareholders

LONDON, June 12 (Reuters) - Shares in Lonmin fell by 5 percent on Friday and were set for their biggest weekly loss in almost three months after Glencore handed over its stake to its shareholders this week, highlighting investor concern over South Africa's troubled platinum sector.

UPDATE 2-South Korea's GS Caltex makes rare purchase of West African crude

* Vessel chartered by Unipec (Adds GS Caltex comment, clarifying volume it will receive)

UPDATE 1-Enel CEO says China's CNNC likely to bid for Slovenske stake

MILAN, June 12 (Reuters) - China National Nuclear Corporation (CNNC) is likely to bid for the stake in Slovakian power generator Slovenske Elektrarne held by Italian utility Enel, Enel's CEO said on Friday.

Central bank reserves policy pushes rouble into line with exporters' forecasts

MOSCOW, June 12 (Reuters) - The Russian central bank's plan to buy foreign currency to build up its reserves has moved the rouble back towards levels assumed by the country's largest exporters after a spike in its value earlier this year.

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