Crude oil prices climbed over 3 percent on Monday amid fresh speculation that OPEC would try to cut output, reducing supply glut worries that had pushed the market into three-month lows last week. U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.22, or 2.9 percent, to settle at $43.02 per barrel. WTI reached April lows below $40 a barrel last week. Brent crude increased $1.12, or 2.5 percent, to close at $45.39.
read more... 09/08/2016
Polish state-run oil and gas conglomerate PGNiG declared on August 4 it had started supplying to ERU Trading, the biggest privately-owned energy trader in Ukraine and a unit of Energy Resources of Ukraine. Deliveries will go to provide natural gas to Ukrainian industrial users.
read more... 08/08/2016
Crude oil prices climbed more than 3 percent on Wednesday, with U.S. crude futures returning to above $40 a barrel, after a bigger-than-expected gasoline withdrawal offset an unexpected increase in crude inventories in the U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.32, or 3.3 percent, to settle at $40.83 a barrel. Brent crude boosted $1.30, or 3.1 percent, to close at $43.10.
read more... 04/08/2016
Scotland has attained the second biggest greenhouse gas (GHG) emissions cut in Western Europe.
read more... 02/08/2016
Russian Energy Minister Aleksandr Novak declared that the negotiations with Turkey have restarted on the Turkish Stream natural gas project on Friday.
read more... 01/08/2016