Latest news
Hungary seals favorable gas deal with Russia, defying Europe, protests
Hungary and Russia sealed a natural gas deal, during the official visit Tuesday by Russian President Vladimir Putin to Hungary.
read more... 18/02/2015
Canada imposes fresh sanctions on oil giant Rosneft, Rostec CEO
Canada has imposed new sanctions against Russian oil conglomerate Rosneft and Rostec CEO, Sergei Chemezov, blaming Russia for military backing of the separatists in eastern Ukraine.
read more... 18/02/2015
Daily: Brent crude hits the 2015 peak at $63 a barrel
Crude oil settled up on Tuesday, prolonging earlier gains from this week, with Brent crude soaring to a 2015 peak of $63 a barrel as a short-covering came back to a market depressed earlier by concerns over euro zone stability. Risks to Middle East crude production and the decline of U.S. oil rig count added further spur to the market. Brent oil's front-month contract for April delivery rose by $1.13 to settle at $62.53 a barrel, recovering from the day's low of $60.27. The session peak of $63 was the highest level since December 18. WTI price for March climbed 75 cents to close at $53.53, against an intraday low at $50.81.
read more... 18/02/2015
Britain gives the green light to the largest offshore wind project in the world
Britain's energy ministry has given the green light to the Dogger Bank Creyke Beck offshore wind project, the largest offshore wind park worldwide.
read more... 18/02/2015
Ukraine to spend $1 billion to build up a strategic gas reserve
Ukraine has unveiled a plan to borrow $1 billion to create a strategic gas reserve in order to reduce its reliance on fuel imports from Russia.
read more... 17/02/2015