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The oil price drops to $76 per barrel
On Tuesday, the oil price dropped to $76 per barrel, as consequence of dollar recovery and E.U. debt crisis, while China’s inflation may cause monetary tightening measures.
read more... 11/05/2010
Oil price fell
Both, the strengthening of U.S. dollar and large U.S. crude and fuel stocks, have influenced the oil price on Tuesday which fell below $86 per barrel, after reaching $87.15 per barrel on Monday, the highest level for the last 19 months, when the price for oil crude reached $89.82, in October 9, 2008.
read more... 04/05/2010
South Stream project: Eni and Gazprom agreement
On Monday, Italian oil and gas group Eni announced about its intention of accelerating the process of finalizing together with Gazprom the feasibility study and to begin the construction of the South Stream gas pipeline as soon as possible.
read more... 13/04/2010