Brent crude dropped under $98 a barrel on Monday, a decrease for the third session in four, since lower demand and plentiful supplies outweighed a potential halt in oil production from the Organization of the Petroleum Exporting Countries (OPEC).
read more... 22/09/2014
Crude oil prices dropped on Thursday, dragged down by plentiful supply, worries about demand growth and a stronger U.S. dollar. Brent eased $1.27 to settle at $97.70 a barrel, with prices falling around 15 percent from a nine-month peak of $115.71 reached in June. U.S. crude slipped $1.35 to close at $93.07 a barrel a day following a decline due to government data that showed U.S. crude inventories increased 3.7 million barrels last week.
read more... 19/09/2014
Russia's Gazprom declared on Wednesday it is unable to satisfy increasing gas demand from Europe while it creates stockpiles prior to winter, weakening the ability of Europe to supply Ukraine with gas. Slovakia, Poland, Romania and Austria have all registered insignificant declines in shipments recently from Russia, which is involved in a dispute with the European Union over the crisis in Ukraine.
read more... 18/09/2014
Brent crude has steadied at $99 per barrel on Wednesday on forecasts that the OPEC may curb the 2015 production. Brent dropped 25 cents to $98.80 a barrel and US crude was down 25 cents to close at $94.63.
read more... 18/09/2014
Germany launched Europe's biggest commercial battery plant on Tuesday, an installation powered by 25,600 lithium-ion batteries that will aid alleviate the increasing supply of renewable energy in the region.
read more... 17/09/2014