Latest news
Chinese companies envisaging 30% or less in Hinkley Point
The two Chinese firms expected to aid fund the Hinkley Point nuclear plant in Britain are only ready to take a 30 percent stake in the project, as reported in the Times on Saturday, in a blow to the site's proprietor EDF.
read more... 05/10/2015
The discounted gas price for Ukraine in Q4 will be approximately $230
Russian Energy Minister Alexander Novak made known on Saturday that the reduced price Ukraine would pay for Russian gas supplies in the fourth quarter would be approximately $230 per thousand cubic metres, plus or minus $2 or $3.
read more... 05/10/2015
Daily: Crude oil prices erase previous loss on U.S. oil rig count decline
Crude prices reversed early losses to post a 1% hike or more on Friday after a report indicating the fifth weekly loss in the number of the U.S. oil rig renewed fears over declining production in the world’s top oil consumer. Brent, the global oil benchmark, rose by 44 cents, or nearly 1 percent, to settle at $48.13 a barrel. U.S. crude boosted 80 cents, or 1.8 percent, to close at $45.54. For the week, Brent fell about 1 percent, while U.S. crude slipped slightly.
read more... 05/10/2015
BASF finalizes asset switch with Gazprom
BASF has exchanged assets with Gazprom which will give the German firm access to Western Siberia projects while the Russian company will obtain gas storage facility in Europe.
read more... 02/10/2015
Daily: Crude oil prices decline as U.S. hurricane concerns wipe out
Crude oil prices declined more than 1 percent on Thursday as worries about U.S. hurricane faded, reducing an early hike that was intensified by concerns of storm damage to U.S. East Coast oil installations. Brent, the global benchmark for crude, declined 68 cents, or 1.4 percent, to trade at $47.69 a barrel, after hitting a one-week high at $49.84. The WTI lost 35 cents, or 0.8 percent, to settle at $44.74, it rose more than $2 or 4 percent at its session peak.
read more... 02/10/2015