Oil stockpiles have rocketed to a record level this year at around 3 billion barrels— the equivalent to more than a month’s supply of global oil consumption amid a robust production in OPEC and elsewhere, according to the International Energy Agency (IEA).
read more... 16/11/2015
France will soon use liquefied natural gas from the United States to cover its energy needs, as French gas companies are not allowed anymore to exploit unconventional resources following the adoption of anti-fracking law in 2011.
read more... 11/11/2015
Crude oil prices rebounded on Tuesday, breaking a four-day losing streak in a market struggling to draw conclusions from contrasting monthly reports by the International Energy Agency (IEA) and the US Department of Energy (DoE). WTI crude prices for December delivery gained 34 cents to settle at 44.21 dollars a barrel on the New York Mercantile Exchange, while Brent crude rose 25 cents to end at 47.44 dollars on the London ICE Futures Exchange.
read more... 11/11/2015
Italian gas grid operator Snam would like to purchase a 17 percent stake in Greek gas grid operator DESFA from SOCAR, as stated by the Azeri state energy company's president on Tuesday, in an agreement that may calm European Commission worries.
read more... 11/11/2015
German industrial conglomerate Siemens has inked with Bolivia a long-term energy collaboration accord estimated at more than a billion euros ($1.1 billion), as it stated on Friday.
read more... 09/11/2015