Latest news
OMV does not expect a cash call from Nord Stream 2 until the end of the year
OMV is confident that Gazprom-owned Nord Stream 2 won’t be making any more cash calls until the end of the current year. OMV has already settled the first €200 million portion of its funding obligation for the construction of the 55 bcm/year pipeline from Russia to Germany.
read more... 15/08/2017
Ukraine to receive 700,000 metric tons of coal from the U.S.
Ukraine signed for the first time an agreement with the United States, which will supply the nation with around 700,000 metric tons of coal by the end of this year, in a move to reduce its dependence on Russian energy.
read more... 07/08/2017
Daily (24.07.2017): Oil prices fell by 2.5% on Friday on a rise in the OPEC’s oil production
Oil prices were bearish on Friday after a consultancy report forecast a rise in OPEC production for July. Meanwhile, traders are looking ahead to Monday's meeting of several ministers from OPEC and non-OPEC members in Russia. Brent crude fell by 2.52% to $48.06 a barrel, while WTI price declined by 2.45% to close at $46.92 a barrel.
read more... 24/07/2017
Daily (21.07.2017): EU carbon prices decreased by 1.5% on Thursday, but still at a 3 month-high
Oil prices dropped on Thursday on rising output from the U.S., Libya and Nigeria before the meeting of major oil producers, expected to be held in Russia on Monday. Brent crude tumbled by 0.8% to end at $49.30 a barrel, while WTI price declined by 0.42% to close at $46.92 a barrel.
read more... 21/07/2017
Russia faces hardship installing Siemens turbines in Crimea
After thumbing their nose at the European sanctions and bringing gas turbines made by the German company Siemens to Crimea, Russia struggles to install them, since the company refuses to engage in anything that has to do with the equipment that was delivered to the sanction-bound region.
read more... 20/07/2017