Latest news
Cyprus could become a natural gas hub by 2025
Natural gas reserves in the six gas fields licensed to Noble, Total, Kogas and ENI could total about 1.1 trillion cubic metres or 38.9 trillion cubic feet, unveils an article published in the quarterly Oxford Energy Forum, KRETYK’s Chairman Charles Ellinas.
read more... 16/09/2013
Israel, Greece and Cyprus signed “historic deal” on electricity cooperation
Israel, Greece and Cyprus signed a memorandum of understanding (MoU) on 7 August in Nicosia on cooperation in the fields of energy and water.
read more... 12/08/2013
Daily: European spot power prices increase on cold snap
Crude oil futures increased on Monday in choppy trading after a bailout deal for Cyprus improved the sentiment for fuel demand in the euro zone. Meanwhile, Brent May crude traded up 51 cents to settle at $108.17 a barrel, having traded from $106.80 to $109.07. U.S. May crude rose $1.10 to settle at $94.81 a barrel, above the 50-day moving average at $94.38 and having hit $95.65 during the session. Brent's premium to U.S. crude settled lower at $13.36 a barrel based on settlements, with the spread narrowing to $12.85 during the session, the narrowest since early July.
read more... 26/03/2013
Daily: UK gas increases to record levels on pipeline halting
Brent crude oil futures increased on Friday in choppy trading on uncertainty about the financial turmoil in Cyprus which hit markets and on the back on weaker dollar which added support. Meanwhile, Brent May crude boosted 19 cents, or 0.18 percent, to settle at $107.66 a barrel, having traded from $106.90 to $107.96, however registering a weekly loss of $2.16, or 1.9 percent.
read more... 25/03/2013
Daily: British wholesale gas near record high on cold snap, depleted storages
Brent and U.S. crude oil futures dropped on Thursday on Cyprus struggle to raise billions of euros to qualify for a bailout and to avoid bankruptcy, move that refreshed worries about the perspectives for petroleum demand in Europe. Brent crude for May delivery dropped $1.25, or 1.15 percent, to settle at $107.47 a barrel, having traded from $107.08 to $108.75. Meanwhile, U.S. May crude declined $1.05, or 1.12 percent, to settle at $92.45 a barrel, having traded from $91.84 to $93.53.
read more... 22/03/2013