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Gazprom increased its gas supplies to Europe
Last year, Gazprom increased by 16 % the supply of natural gas to Europe to 161.5 billion cubic meters, with Germany, Italy and the U.K. ledding the increase in gas imports from Russia. European customers such as Germany’s RWE AG and Italy’s Eni SpA obtained lower gas prices under their long-term supply contracts with Gazprom. Supplies to Italy increased by more than 60 %.
read more... 02/01/2014
Daily: UK gas prices the lowest level in the last 7 weeks on an oversupplied system
Brent crude decreased 2 cents at $112.16 per barrel at 10:22 GMT, while U.S. crude was down 8 cents at $100.24. The contract broke above the $100-mark on Friday for the first time since the end of October. U.S. crude oil stocks fell by 4.7 million barrels last week as the Gulf Coast continued to shed inventories, even as U.S. oil production reached a 25-year high. While the spread between the two benchmarks widened on Monday to around $12, it is expected to narrow as the Keystone XL pipeline is set to start operations in the United States.
read more... 30/12/2013
Global Carbon Emissions set to reach new record high in 2013
According to new figures from the Global Carbon Project, global emissions of carbon dioxide from burning fossil fuels are set to rise again in 2013 reaching a record high of more than 36 billion tones. An increase of about 2.1% expected for the current year, would mean that global emissions from burning fossil fuel would be 61% above 1990 levels.
read more... 30/12/2013
Gazprom and Wintershall sign basic agreement on asset swap
Gazprom and Wintershall have signed an agreement regarding the asset swap between the two companies. The world’s largest gas producer acquired 50% shares in UK and Dutch gas fields operated by Wintershall, as part of a Master Agreement to exchange assets with the German firm.
read more... 30/12/2013
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