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Daily: Crude oil prices down 3 percent on record high inventories, Goldman caution
Crude oil prices declined 3 percent on Tuesday after six days of gains for Brent crude, as Goldman Sachs said that the hike was unsustainable and industry figures indicated U.S. inventories attained record highs again last week. Brent eased $1.19, or 2.9 percent, to settle at $39.65 a barrel after reaching a 2016 peak of $41.48 during the session. U.S. crude slipped $1.40, or 3.7 percent, to close at $36.50, after increasing earlier to a three-month high of $38.39.
read more... 09/03/2016
Bolivia and Russia’s Rosatom to build a nuclear research center
Bolivia and Russia’s state-owned atomic energy corporation Rosatom inked a provisional deal for the construction $300 million nuclear complex in the South American nation.
read more... 07/03/2016
EU could save €11.4 billion with fewer gas infrastructures
The majority of new gas supply infrastructures scheduled for Europe is not necessary, according to a report which mentioned the EU can save €11.4 billion (£8.9bn) by circumventing needless expansion of gas infrastructures.
read more... 07/03/2016
EU: Trans Adriatic gas pipeline project approved
The EU Commission has consented a gas pipeline project via the Adriatic Sea.
read more... 07/03/2016
Daily: British spot gas prices increase on weaker supply from UK's continental shelf
Crude oil prices settled up 4 percent as optimistic U.S. jobs figures and technical factors spurred buying that resuscitated this week’s hike after a one-day pause. Brent futures, the global benchmark for crude, rose $1.65, or 4.5 percent, to close at $38.72 a barrel. U.S. crude's West Texas Intermediate (WTI) futures boosted $1.35, or 3.9 percent, to settle at $35.92.
read more... 07/03/2016