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Daily: U.S. oil drops to a three-week low as Chinese exports fell more than expected
U.S. crude oil dropped over a $1 per barrel on Monday, touching a three-week low, dragged down by a surprisingly fall in Chinese exports that increased fears of an economic slowdown in China. Meanwhile, U.S. oil eased by $1.46 to settle at $101.12 a barrel, the weakest level since February 14. Brent crude ended 92 cents lower at $108.08 after two consecutive days of gains.
read more... 11/03/2014
Daily: Crude oil prices increase on reconsidered geopolitical risk in Ukraine
U.S. oil traded higher on Thursday after declining to near three-week lows after declarations made by the U.S. President Barack Obama that the geopolitical tensions between Ukraine and Russia are likely to worsen.
read more... 07/03/2014
Latvia delays deregulation of the electricity market until 2015
The ruling coalition in Latvia decided to put off the liberalization of the power market until the elections, in order to have more time to set up a scheme of refund for poorer residents who are trying to find money to pay for increasing energy bills.
read more... 04/03/2014
European countries less dependent on Russian gas via Ukraine
Presently, Europe and Ukraine are less dependent on Russian natural gas, because of a milder winter and a better infrastructure, reducing concerns that the increasing crisis in Ukraine might influence supplies.
read more... 04/03/2014
ENI obtains refund from Statoil on revised gas agreement
ENI, a major integrated energy company based in Italy and one of Europe’s leading gas wholesalers, inked an agreement on Thursday to review its long-term gas supply contract with Norway's Statoil that is supposed to increase its operating profit by approximately 1 billion euros ($1.4 billion) in 2014.
read more... 28/02/2014