Brent crude oil traded slightly over $110 a barrel on Tuesday amid supply disruption worries as Ukrainian forces confronted separatists in Donetsk for a second day and since oil output in Libya was cut to 160,000 barrels per day (bpd) as a result of chaos in the country.
read more... 28/05/2014
Brent crude slipped to about $110 a barrel on Monday, declining from the two-and-a-half month high touched the previous week, curbed by presidential election in Ukraine which raised hopes of a political stability in the country.
read more... 27/05/2014
Brent and U.S. crude futures traded higher on Friday, buoyed by geopolitical worries in Ukraine and civilian unrests in Libya, as well as by upbeat economic figures in the United States and China. Both Brent and U.S. crude registered weekly gains for a second consecutive week.
read more... 26/05/2014
China and Russia signed a gas supply agreement of about $400 billion on Wednesday, securing the world's top energy consumer an important source of cleaner fuel and impelling a new market for Moscow since it risks losing European clients over the Ukraine crisis.
read more... 22/05/2014
A pipeline to convey gas to Ukraine through Slovakia could be ready for draining at full capacity as of September, according to the manager of Slovakia's pipeline operator, which would facilitate the supply of some gas if Russia halts supplies.
read more... 20/05/2014