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Daily: European coal prices increase on new wave of sanctions against Russia
Crude oil prices closed down after a nervous trading session on Tuesday as oil supplies remained untouched by continuing violence in Iraq, Ukraine and Gaza. Brent crude for September delivery dropped 35 cents to hit $107.33 a barrel, after having fluctuated between $107.20 and $108.40. U.S. oil for August delivery declined 17 cents to settle at $104.42 a barrel, down from a session high of $105.25.
read more... 23/07/2014
Cost of South Stream gas pipeline section in Serbia rises by 24%
The cost of planned South Stream gas pipeline section in Serbia has soared as much as 24 percent since November 2013, hitting a total amount of EUR 2.1 billion compared with the cost of EUR 1.7 billion estimated by the Russian energy minister Alexander Novak in November 2011.
read more... 22/07/2014
Daily: British prompt gas plunge on ample supply
Crude oil prices rallied on Monday as the West increased pressure on Russia over its involvement in the downing of Malaysia passenger jet last week. Brent crude for September delivery increased by 44 cents to settle at $107.68 a barrel. Prompt U.S. oil for August delivery boosted by $1.46 to close at $104.59 a barrel, as traders rushed to cover positions ahead of Tuesday's expiration. WTI price for September delivery soared 91 cents to settle at $102.86 a barrel.
read more... 22/07/2014
Daily: Crude oil prices jump on new Russia sanctions, jet crash
Crude oil prices rallied on Thursday, recovering from a weeks-long decline on new U.S. sanctions unveiled on Wednesday and after a Malaysian airliner was shot down over eastern Ukraine, considerably intensifying the conflict between Russia and Ukraine. Brent crude for September delivery increased by 72 cents to settle at $107.89, while U.S. crude climbed for a second consecutive session, settling up $1.99 at $103.19 per barrel, its strongest point since mid-June.
read more... 18/07/2014
Tougher sanctions: Oil giant Rosneft receives a major blow from U.S.
The U.S. has unveiled a new row of sanctions on Russia concerning the troubles in the Ukraine, this time hitting the Russian oil giant Rosneft, its second major gas producer Novatek and its third largest bank Gazprombank. These are the most austere U.S. sanction yet imposed on Russia.
read more... 17/07/2014