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Daily (06.10.2017): Oil prices soared 2% on Thursday on signs of production cut in 2018

Oil prices increased by about 2 percent on Thursday as signs Saudi Arabia and Russia would cut output through next year. The news offset Wednesday's U.S. data indicating record U.S. exports and the return of production at a major Libyan oilfield.

read more... 06/10/2017

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Siemens is prepared to assist in upgrading Russian power plants

German engineering company Siemens is set to take part in the modernisation of Russian power plants.

read more... 05/10/2017

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Scottish government is against fracking

The energy minister declared on October 3, in Edinburgh, that the development of fracking will not be backed by the government because of public negativism towards the process.

read more... 04/10/2017

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Italy’s Edison seals 20-year agreement to purchase US LNG from Venture Global

Italian utility Edison declared on Wednesday that the company, owned by France's EDF, cut a deal with U.S.-based Venture Global on selling and purchasing the liquified natural gas (LNG).

read more... 03/10/2017

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Russia intends to launch the first unit of Akkuyu soon

Russia plans to launch the first unit of the Akkuyu nuclear power plant shortly as per the project's schedule, as stated by Russian President Vladimir Putin after discussions with his Turkish counterpart Recep Tayyip Erdogan on Thursday.

read more... 29/09/2017

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