Russia's main natural gas producer Gazprom declared on Thursday it had vended more than 1 billion cubic metres (bcm) of gas of 3.2 bcm on offer in its first spot tender, designed as a test of its ability to adjust to new challenges in the gas market.
read more... 11/09/2015
WTI crude oil prices hiked by 4 % on Thursday, spurred by traders’ focus on solid U.S. demand for gasoline which eclipsed news of increased U.S. stockpiles of crude. WTI crude futures rose by $1.77, or 4.0 percent, to settle at $45.92 a barrel. Brent crude, the global benchmark for oil, boosted by $1.20, or about 2.5 percent, to close at $49.70 a barrel.
read more... 11/09/2015
Ukraine hopes to get $200 million from the International Finance Corporation to aid finance natural gas acquisitions before winter, as stated by central bank chief Valeria Hontareva on Wednesday.
read more... 10/09/2015
Investment in U.K. North Sea oil and gas projects is expected to drop considerably by up to 4bn per year through to the end of 2018, as the collapse in oil prices forces the industry to cut back.
read more... 09/09/2015
Russia’s energy giant Gazprom and Argentina’s state-controlled oil company YPF have sealed an agreement for exploration of gas reserves in Argentina in an effort to boost local production and to cut back on energy imports.
read more... 08/09/2015