Energy Update

You are here

* Banks wary of lending to sector after global crisis defaults

UNITED NATIONS, April 29 (Reuters) - The United Nations Libya mediator said on Wednesday it was "difficult to be optimistic" a peace deal could be reached, but the aim was to try and broker agreement on a unity government before the Muslim fasting month of Ramadan starts in mid-June.

TRIPOLI/TUNIS, April 29 (Reuters) - Islamic State militants in Libya have killed two Tunisian journalists kidnapped last year, Libyan officials said on Wednesday, following the murder of five television reporters discovered this week.

April 28 (Reuters) - Coal and iron ore producer Cliffs Natural Resources Inc reported a 28 percent fall in quarterly revenue, and the company cut its capital budget as prices tumble.

April 29 (Reuters) - Cliffs Natural Resources Inc, which is struggling to cope with oversupply in the iron ore market, blamed industry leaders BHP Billiton Ltd, Rio Tinto Plc and Vale SA for weak prices of the commodity.

HOUSTON, April 29 (Reuters) - Exxon Mobil Corp on Wednesday raised its quarterly payout 6 percent, a move that underscores the world's largest publicly traded oil company's commitment to raising dividends, although at a slower pace in a time of lower crude oil prices.

MILAN, April 29 (Reuters) - Italian oil company Eni expects to produce more oil and gas this year as new projects come onstream, it said on Wednesday, after higher output helped it soften the blow of lower crude prices in its first-quarter results.

WASHINGTON, April 29 (Reuters) - The White House said on Wednesday it was concerned about the impact on navigation caused by Iranian authorities' seizure of the Maersk Tigris container ship in the Strait of Hormuz and said it was monitoring the situation.

WASHINGTON, April 29 (Reuters) - U.S. President Barack Obama would veto any legislation with amendments that would undercut a deal reached between his administration and U.S. lawmakers over Congress' role amid the Iranian nuclear talks, the White House 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.