The Spanish cabinet might consent on Friday a decree that will reduce renewable energy subsidies as part of an obligation to diminish a 30 billion euro ($41 billion) power tariff deficit, developed during years of maintaining prices below regulated costs.
read more... 30/05/2014
Brent crude increased on Thursday, spurred by weak output in Libya and crisis in Ukraine, while WTI crude prices boosted on a considerable drawdown in gasoline that offset an increase in overall crude stocks.
read more... 30/05/2014
Brent futures slightly increased on Thursday, holding near $110 a barrel amid expectations of higher demand from top oil consumer the United States since a sharp decline in the country's gasoline stocks added to latest data leading to a stronger economy.
read more... 29/05/2014
Britain might obtain more liquefied natural gas (LNG) from the world's major producer Qatar under an agreement inked by utility E.ON on Wednesday, highlighting increasing reliance on the Gulf State since native North Sea reserves disappear.
read more... 29/05/2014
Brent crude slipped to about $110 a barrel on Monday, declining from the two-and-a-half month high touched the previous week, curbed by presidential election in Ukraine which raised hopes of a political stability in the country.
read more... 27/05/2014