Latest news
Germany approved sale of $6.9 billion RWE oil and gas division to Russian investor
Germany's economy ministry approved the vending of utility RWE's oil and gas division DEA to a Russian investor in spite of conflicts between Russia and the West over the Ukraine crisis.
read more... 25/08/2014
Ukraine prepared for temporary compromise price for Russian gas
Ukraine is ready to pay a short-term compromise price for Russian gas, criticizing Russia's Gazprom for being reluctant to negotiate, as stated on Tuesday by the country’s energy ministry.
read more... 20/08/2014
Daily: Brent crude plunges at 14-month low as supply risks attenuate
Brent crude oil dropped by about $2 a barrel to hit its weakest point in over a year on Monday as investors’ worries about conflicts in Ukraine and Iraq attenuated and as stronger Libyan oil production added to already robust supplies. Brent crude declined $1.93 to close at $101.60 a barrel, after hitting a session low of $101.11, the lowest since June 2013. U.S. crude for September delivery tumbled by 94 cents to settle at $96.41, after paring losses from an earlier low of $95.81.
read more... 19/08/2014
Ukraine launches test imports on gas connection from Slovakia
Ukraine has started test imports of gas from Slovakia through an improved pipeline, as stated on Saturday by the chief of Ukrainian state-owned gas company Naftogaz, since the country is struggling to reduce energy dependence on Russia.
read more... 18/08/2014
Ukraine: Coal sector hit by the conflict jeopardizes power market
Intense combating in eastern Ukraine has required coal mines to slash production or close completely, jeopardizing the nation's electricity market and potentially obliging the government to reduce exports or straiten consumption.
read more... 18/08/2014