Brent crude oil futures increased toward $110 a barrel on Wednesday as tensions in Iraq intensified concerns about the supply perspective, while WTI crude registered a slight boost since a weekly government report indicated a decline in crude oil and gasoline inventories.
read more... 12/06/2014
Britain's power network operator National Grid will initiate a tender this month soliciting large energy users to cut their power demand in periods of peak consumption next winter, according to the company on Tuesday.
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Russia's Gazprom has postponed a deadline for Ukraine to begin paying in advance for natural gas supplies to next Monday, since EU-brokered negotiations persist over the price, as stated by the gas firm's chief executive, Alexei Miller.
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The increasing cost of France's nuclear energy is a concern and the government should establish independent professional institutions to aid it foresee long-term investments in the energy sector, as stated by a parliamentary committee in a report published on Tuesday.
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Brent crude reversed earlier gains to close down on Tuesday, while WTI crude oil also dropped on a stronger dollar and profit taking by traders after solid gains on Monday.
read more... 11/06/2014