Latest news
Natural gas demand in Spain drops again.
Spanish gas demand dropped for the fifth consecutive month in October as gas-fired plants have produced less of the country's electricity needs, according to the grid operator, Enagas.
read more... 17/11/2010
Gazprom will be a partner of Petronas in the Cuba project.
Gazprom Neft, the oil unit of Russian energy company Gazprom, will hold 30% stake in a Cuban oil project, operated by Malaysia's Petronas's, in order to explore and develop four blocks in the Gulf of Mexico.
read more... 17/11/2010
France to combat value-added tax fraud in carbon trading.
A French newspaper announced that their country is going to take measures against the new value-added tax (VAT) fraud in carbon trading and in order to exclude it they will present several measures in a short period of time.
read more... 17/11/2010
Daily Market Update, Tuesday, November 16, 2010
Oil dropped below $84 per barrel on Tuesday, due to a stronger dollar and to unexpected news of an increase in U.S. crude stocks. At 11:25 GMT, U.S. crude for the December delivery decreased at $83.60 per barrel, while ICE Brent for January delivery dropped to $85.76 per barrel.
read more... 17/11/2010
Daily Market Update, Monday, November 15, 2010
Oil was up above $85 per barrel on Monday after dropping from a two-year high last week, due to an increasing desire to take a risk and to investors passing over Irish debt worries. At 10:38 GMT, U.S. crude increased at $85.41 per barrel, while ICE Brent futures climbed to $87.01 per barrel.
read more... 16/11/2010