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Daily: Brent crude declines towards $106 on Iran initial deal
Brent crude dropped towards $106 a barrel on Wednesday, dragged down by a forecast of a rise in Iranian oil exports, while investors looked ahead to weekly oil stockpiles data from the United States to evaluate supply.
read more... 16/01/2014
Daily: Brent crude drops on Iran nuclear deal
Brent crude dropped toward $107 a barrel on Monday following the conclusion of a six nation’s new deal with Iran to curb its nuclear programme and as Barack Obama urged Congress not to impose supplementary sanctions on the country.
read more... 14/01/2014
Total’s five refineries back to work
After a two week strike, Total’s five refineries have restarted operations, as workers at Gonfreville decided to return to work. The protesters, led by the CGT union, insist on an improved pay offer from Total but the company has refused to reopen talks after other unions approved a deal this month.
read more... 30/12/2013
Eni and GasTerra have signed a long-term gas supply contract
Eni has signed a deal with GasTerra over long-term Dutch gas supply contracts following which the Italian oil and gas group would obtain a major price cut and would boost its results. Eni is currently renegotiating contract terms with a range of other companies amid weaker demand in Europe. The renegotiation of contracts with GasTerra will have a positive impact on 2013 results.
read more... 20/12/2013
European Commission to launch a formal investigation into Hinkley Point nuclear deal
A deal between the UK government and French energy giant EDF to build two nuclear plants at Hinkley Point in Somerset could be put under threat by the European Commission as it will open a formal investigation into British government subsidies that breach European competition rules.
read more... 04/12/2013