Latest news
EU reinforces energy cooperation with Ukraine
European Commission (EC) and Energy Ministry of Ukraine inked a Memorandum of Understanding (Mou) which targets to reinforce energy partnership between two sides, as stated by EC on Thursday.
read more... 25/11/2016
Daily: Oil prices end flat ahead of OPEC meeting
Crude oil prices posted minor changes on Thursday ahead of next week’s meeting of OPEC to debate implementation of its proposed output reduction. Brent crude futures rose by 5 cents to settle at $49.00 a barrel. U.S. West Texas Intermediate (WTI) crude advanced 2 cents at $47.98 at 1928 GMT, but activity was thin after the U.S. Thanksgiving holiday and as many traders are reluctant to take big new positions ahead of a scheduled OPEC meeting next week.
read more... 25/11/2016
Eni approves investment plan for Coral South Project in Mozambique
Eni’s board of directors gave the go-ahead to the investment plan for the first phase of Coral South project in offshore Mozambique, marking a significant step towards the final investment decision.
read more... 24/11/2016
Philip Hammond: UK will keep its carbon tax frozen until April 2021
UK’s carbon tax will remain frozen at 2015 levels of £18 ($22.28) per tonne until April 2021, as confirmed by Philip Hammond on Wednesday, while presenting the government's Autumn Statement.
read more... 24/11/2016
Daily: British gas prices rebound due to an unplanned outage
Oil prices declined slightly on Wednesday as investors doubted that OPEC will agree to an output reduction large enough to curb significantly the global glut of oil as U.S. drilling increases. Oil prices oscillated thorough the day, opening lower in the morning and later shortly turning positive after the EIA said U.S. crude inventories unexpectedly declined 1.3 million barrels last week after three consecutive weeks of rises. Brent crude futures lost 17 cents, or 0.35 percent to settle at $48.95 a barrel. The U.S. WTI crude oil futures fell 7 cents, or 0.2 percent, to end at $47.96 a barrel.
read more... 24/11/2016