Energy Update

You are here

Home » Global Read

U.S. House energy chairman supports lifting oil export ban

WASHINGTON, June 2 (Reuters) - U.S. Representative Fred Upton, the Republican chairman of the House of Representatives' energy panel, on Tuesday said he favors lifting the 40-year-old U.S.

WRAPUP 1-U.S. factory orders fall unexpectedly; weakness in demand broad-based

WASHINGTON, June 2 (Reuters) - New orders for U.S. factory goods unexpectedly fell in April as demand for transportation equipment and a range of other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector.

Expansion in U.S. ethanol on hold after blending targets slashed

CHICAGO, June 2 (Reuters) - Expansion in the U.S.

UPDATE 1-OPEC hopes for further oil price recovery despite glut

VIENNA, June 2 (Reuters) - Angola's oil minister said on Tuesday that $80 per barrel may be right for crude, joining a chorus of OPEC officials and delegates hoping for a further price recovery in months to come despite a global glut.

Peruvian regulator in dispute with Shell over LNG royalties

PARIS, June 2 (Reuters) - PeruPetro is in dispute with Anglo-Dutch oil firm Shell over royalties related to the export of seven Peruvian liquefied natural gas (LNG) cargoes last year, the regulator said, adding it hoped to reach a deal soon or would resort to arbitration.

Naimi invoking oil 'contango' fails to soothe growing glut fear

VIENNA, June 2 (Reuters) - Saudi Oil Minister Ali al-Naimi is counting on oil traders to keep sitting on near-record volumes of stockpiled crude to prevent a second relapse in oil prices later this year.

Venezuela says cooperation best way to achieve oil stabilisation

VIENNA, June 2 (Reuters) - Venezuela's oil minister Asdrubal Chavez said on Tuesday that the best way towards achieving stabilisation in the oil market is through agreement and active cooperation among all exporters.

Britain's BP mulling possible new projects in Russia - RIA

MOSCOW, June 2 (Reuters) - British oil major BP is considering possible new projects in Russia, including with Russian state-owned oil company Rosneft, RIA news agency quoted BP CEO Bob Dudley as saying on Tuesday.

India's May Iran oil imports hit highest since March 2014

* May imports from Iran rise nearly 40 pct on-mth to 367,900 bpd

Premier Oil strikes deal to take full control of Shetlands project

LONDON, June 2 (Reuters) - Oil producer Premier Oil has struck a deal to take full ownership of its Solan oil project west of Shetlands in the North Sea, taking over a 40 percent stake from project partner Chrysaor.

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