Iran has expressed its interest in buying Azerbaijani gas and is considering the option to store its gas in the underground gas storage facilities of this country, declared Iran's Deputy Minister of Industry, Mine and Trade Mojtaba Khosrow-Tajat a press conference in Baku.
read more... 24/06/2014
Brent crude posted its sharpest one-day decline in seven weeks on Monday as worries about disruptions to Iraqi crude supplies begun to ease given that exports have so far been unaffected by a Sunni Islamist rebellion. Iraq carries 90 percent of its crude exports from southern terminals, which are far away from the Sunni insurgency.
read more... 24/06/2014
Spanish oil major Repsol unveiled it made two new hydrocarbon discoveries in relatively unexplored side of West Siberia. If combined, the two discoveries represent Russia’s largest hydrocarbon find for two years.
read more... 24/06/2014
Seven countries of the European Union, including Belgium, Denmark, Germany, Greece, Ireland, Luxembourg and Portugal, are urging the European Commission to propose an ambitious 2030 target for energy efficiency in its review of the progress towards the 2020 energy efficiency target.
read more... 23/06/2014
U.S. crude oil rallied above $107 a barrel on Friday, hitting a new nine-month high on short-covering ahead of the July contract expiry, while Brent retreated on profit-taking as worries attenuated over supply disruptions in Iraq.
read more... 23/06/2014