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Daily: Brent crude recovers to settle up at $66.81 a barrel
Brent crude recovered from Friday’s early low, while WTI crude declined as investors and traders argued whether the rally in oil prices over the past month and a half should persist amid tenaciously strong supplies. Brent crude have soared nearly 20% since the end of March, while US crude futures have increased by around 30%. Crude stockpiles in the United States, meanwhile, held near 80-year highs. Oil benchmark Brent rose 11 cents to settle at $66.81 a barrel. US crude closed down 19 cents to hit $59.69 a barrel, after declining more than $1 during the session amid stronger dollar that dragged down commodities denominated in the currency.
read more... 18/05/2015
Russia's Gazprom receives $32 million from Naftogaz as pre-payment for gas
Ukraine's state-run gas firm Naftogaz has transmitted $32 million to Russia's gas monopoly Gazprom as an additional pre-payment for gas deliveries, as stated by a representative of the company on Monday.
read more... 18/05/2015
Poland’s PGNIG files lawsuit against Gazprom claiming lower prices
PGNiG, Poland’s largest gas distributor has filed a lawsuit against Gazprom and Gazprom Export in the Stockholm arbitration court, claiming favourable gas terms similar to the European gas market.
read more... 15/05/2015
Total receives the go-ahead to resume shale gas operations in Denmark
French energy giant Total received the green light to continue shale gas exploration in Denmark, following a halting ordered by Danish Energy Agency (DEA).
read more... 15/05/2015
UK posts a record high in renewables investment in 2014
The British renewable industry registered a record high in new investments in 2014, attracting £10.7bn (USD 17bn/EUR 15bn) in 2014, according to an annual analysis by PwC for the Renewable Energy Association.
read more... 15/05/2015