Energy Update

You are here

Home » Global Read

UPDATE 2-Left turn in Canada's oil-rich Alberta stuns energy industry

CALGARY, Alberta, May 6 (Reuters) - Canadian oil and gas shares tumbled and the country's main stock index hit a one-month low on Wednesday after the left-wing New Democratic Party surged to power in the oil-rich province of Alberta on promises that included energy industry reforms.

UPDATE 3-Small town evacuated after oil train derails in North Dakota

WILLISTON, N.D./NEW YORK, May 6 (Reuters) - A BNSF train carrying crude oil derailed and caught fire in North Dakota on Wednesday, forcing the evacuation of a nearby small town just days after the United States and Canada announced reforms to improve the safety of such shipments.

REUTERS BUSINESS NEWS SCHEDULE AT 1830 GMT/2:30 PM ET

WASHINGTON - U.S. private employers in April added the fewest number of workers in more than a year, according to the ADP National Employment Report, heightening worries about the economy's potential to rebound strongly from a first-quarter slump.

First foreign tanker docks at eastern Libyan port since air strike

TRIPOLI, May 6 (Reuters) - Libya has persuaded a foreign shipper to send a tanker to the eastern port of Derna for the first time since a warplane belonging to the official government bombed a Greek-operated tanker there in January, its state oil firm (NOC) said.

UPDATE 1-April's oil price bounce trips up some hedge funds

* Taylor Woods, BBL Commodities among funds caught on wrong side

Pentagon sees "tough" Iraqi battle to secure Baiji oil refinery

WASHINGTON, May 6 (Reuters) - The Pentagon on Wednesday said Iraq's fight to secure the country's largest oil refinery from Islamic State militants was headed in the wrong direction and declined to predict the outcome of ongoing battle.

CORRECTED-April's oil bounce trips up some hedge funds

* Taylor Woods, BBL Commodities among funds caught on wrong side

WRAPUP 4-Over 120 die in Yemen as Houthis take key Aden district

* 20 million Yemenis going hungry -agencies (Adds Houthi seizure of Tawahi district in fighting and comments by Yemen's foreign minister)

UPDATE 2-World oil price assessor Jorge Montepeque leaves Platts

SINGAPORE, May 6 (Reuters) - Jorge Montepeque, inventor of the modern system of setting world oil prices, is leaving reporting agency Platts after three decades of tussles with oil traders and attention from regulators.

OPEC unlikely to cut in June without non-OPEC as oil rebounds -Gulf delegate

RIYADH, May 6 (Reuters) - The jump in oil prices has been supported by stronger-than-expected demand growth and a slowdown in crude supply, and is likely to continue into the second half of this year, a senior Gulf OPEC delegate said on Wednesday.

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