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Daily: U.S. crude oil jumps to about 6-week high on stronger gasoline demand
U.S. crude oil rocketed to near a six-week high on Friday, encouraged by solid gasoline demand and a positive consumer confidence report, but gains were slashed by profit taking and falling demand forecast, published by IEA. Meanwhile, Brent crude prices dropped on Friday, dragged down by Russia’s warnings that it could cut Ukraine’s natural gas supply.
read more... 14/04/2014
Baltic States utilize Ukraine crisis to enhance LNG import capacities
Driven by Ukraine crisis, the Baltic States accelerated plans to increase its liquefied natural gas (LNG) imports, with the hope to radically reduce Moscow's grip on the region's supply.
read more... 11/04/2014
EU new regulations on energy backing phase out subventions for renewable
New EU rules have been published on Wednesday making harder funding renewable energy. The latest regulations are intended to substitute subventions with market-based systems, only when the Ukraine crisis has intensified the necessity for other options to imported fossil fuel.
read more... 10/04/2014
Daily: Crude oil rallied on stockpiles expectations, fresh tensions in Ukraine
Crude oil prices rallied on Tuesday, with WTI increasing ahead of weekly stockpiles reports expected to point out a decline in gasoline stocks, while Brent was spurred by new conflicts in eastern Ukraine which intensified tensions between Russia and West.
read more... 09/04/2014
Gazprom will honor gas agreements with Germany
Gazprom will keep contractual obligations towards Germany relative to gas supply, even though Berlin backs stricter sanctions to dissuade Moscow from more destabilization of Ukraine, according to the declaration of the Russian exporter in a newspaper.
read more... 07/04/2014