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Daily: WTI crude reverses previous gains to end down 4.6%
Crude oil prices dropped on Thursday dragged down by an erratic dollar and OPEC’s forecasts for a weakening demand to 28.78 million barrels per day in 2015, down 140,000 bpd from its previous expectation.
read more... 16/01/2015
Egypt: Eni signs deal for new exploration block
Italian oil and gas conglomerate Eni declared on Friday it had inked a deal to operate a new exploration block in the western desert of Egypt, reinforcing its position in the country.
read more... 12/01/2015
Russia: Gazprom decided to purchase European partners out of South Stream pipeline
Gazprom has decided to purchase its European associates Wintershall, EDF and Eni out of the fragmented South Stream gas pipeline project, as stated by the companies on Monday.
read more... 30/12/2014
Daily: European spot power prices drop on robust wind power supply, tightening demand
Brent crude futures declined for a fifth consecutive day on Tuesday to close below $60 a barrel, while WTI crude ended a volatile session slightly higher as trading of expiring options helped defend the price above $55. Brent crude for January delivery slipped $1.20, or nearly 2 percent, to settle at $59.86 a barrel. The contract has lost more than 10 percent in five days of trading. U.S. crude's front-month rose 2 cents to close at $55.93 a barrel. Its session low of $53.60 was the lowest since May 2009.
read more... 17/12/2014
Ukraine: Chevron intends to withdraw from $10 billion shale gas agreement
U.S. energy major Chevron intends to pull out of a $10 billion shale gas deal with Kiev, according to the declaration made on Monday by a senior Ukrainian presidential representative.
read more... 16/12/2014