Latest news
Ukraine: LNG markets might be tightened in case of gas disruptions
Global liquefied natural gas (LNG) markets would be tightened by disruptions to Russian gas supplies via Ukraine since southern Europe should compete with Asia for LNG in order to satisfy demand, according to Wood Mackenzie consultancy on Monday.
read more... 25/03/2014
Daily: Brent crude declines on flat manufacturing data in China amid chopping trading
Brent crude oil dropped and WTI crude climbed slightly in chopping trading on Monday as flat manufacturing activity in China eclipsed the supply concerns over the Ukraine crisis and civil unrest in Libya.
read more... 25/03/2014
Italy: SNAM ready to export gas to Eastern Europe
Italy-based SNAM, one of Europe’s major gas transport companies, is prepared to convey imported gas to Eastern Europe starting from 2015 due to a new gas stream infrastructure, taking into consideration that Russian gas supplies to Europe are being threatened by the increasing crisis over Ukraine.
read more... 20/03/2014
Daily: Crude oil prices soar across both continents on strong equities, Ukraine unrest
Brent crude oil prices climbed on Tuesday on violent rapports in Crimea, while the American benchmark skyrocketed to its highest level in a week on strong build in U.S. equities. Brent crude oil rose by 55 cents to settle at $106.79 per barrel, after touching a six-week low on Monday. Meanwhile, its equivalent WTI oil benchmark closed $1.62 higher at $99.70 per barrel.
read more... 19/03/2014
Gazprom intends to make contract adjustments so as to keep European customers
Russia’s major natural gas producer Gazprom plans to make modifications to contracts so as to preserve its European clients in spite of western sanctions on Russia over Ukraine, as stated in the newspaper Vedomosti on Monday.
read more... 18/03/2014