Energy Update

You are here

Home » Global Read

U.S. economy growing at "modest" to "moderate" pace -Fed

WASHINGTON, June 3 (Reuters) - U.S. economic activity expanded from early April to late May and growth was expected to continue at a "modest" to "moderate" pace against the backdrop of declining oil and gas investment, the Federal Reserve said on Wednesday.

Petrobras brings in Merrill to help in $5 bln selloff plan-sources

LONDON/RIO DE JANEIRO, June 3 (Reuters) - Indebted Brazilian oil company Petrobras has brought in Bank of America Merrill Lynch to help manage a multi-billion dollar divestment plan and has already contacted major oil companies who might be interested buyers, three sources familiar with the matter said on Wednesday.

UPDATE 1-Amnesty says Nigerian military responsible for deaths of 8,000 prisoners

ABUJA, June 3 (Reuters) - More than 8,000 people have died while being detained by Nigeria's armed forces during the campaign against militant Islamist group Boko Haram, Amnesty International said on Wednesday, allegations the military denied.

Russia says Ukraine agrees on filling gas storage for transit flow

VIENNA, June 3 (Reuters) - Ukraine has agreed to pump enough gas into its storage facilities to maintain pressure in the system for Russian gas to reach Europe in winter, Russian Energy Minister Alexander Novak said on Wednesday.

UPDATE 1-U.S. crude stockpiles fall despite declining refinery runs - EIA

NEW YORK, June 3 (Reuters) - U.S. crude oil stockpiles fell for the fifth week in a row even as refinery operating rates eased, data from the Energy Information Administration (EIA) showed on Wednesday.

Venezuela finds new front in attack on U.S. fracking: water

VIENNA, June 3 (Reuters) - Venezuela sought to open a new front in its months-long verbal assault on the U.S.

Amnesty says Nigerian military responsible for deaths of 8,000 prisoners

ABUJA, June 3 (Reuters) - More than 8,000 people have died while being held prisoner by Nigeria's armed forces in the campaign against Islamist group Boko Haram, many of them deliberately killed, Amnesty International said on Wednesday.

RPT-German environment minister criticises alternatives to coal levy

BERLIN, June 3 (Reuters) - Germany's environment minister criticised alternative suggestions for how to cut CO2 emissions from the coal sector on Wednesday, saying they would lead to higher electricity prices and burden the public purse.

UPDATE 1-Iraq, Venezuela see $75-80 as "fair" price for oil

VIENNA, June 3 (Reuters) - The top oil officials of Iraq, Venezuela and Angola said on Wednesday that $75 to $80 a barrel was now a "fair" price for oil, reflecting an emerging consensus on a possible new equilibrium for volatile markets.

Dollar rally set to resume as U.S. economic data improves-Reuters poll

June 3 (Reuters) - The dollar rally will regain momentum from next month, a Reuters poll of foreign exchange strategists showed on Wednesday, although its strength will depend on economic data and the timing of a Federal Reserve interest rate hike.

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