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Daily: Crude oil prices register modest gains on US budget impasse
Crude oil prices registered modest gains on Friday, as the budget impasse in the United States continued and uncertainty about when it would finish grasped the market. World leaders and analysts fear the government shutdown would hurt economic growth and slash oil demand in the Unites States.
read more... 07/10/2013
Gazprom could face a 15 billion dollars fine from EU regulators
After a year-long investigation the EU regulators are preparing to charge Russian gas export monopoly Gazprom over suspected infringement of EU competition rules in member states including Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia, risking a fine of up to 15 billion dollars. Currently Gazprom supplies a quarter of Europe's gas consumption needs.
read more... 04/10/2013
The U.S to become the world’s largest producer of oil and gas
According to a Wall Street Journal analysis, the United States will become the world's largest producer of oil and natural gas by the end of 2017 surpassing Russia. This could happen thanks to a boost in US fuel production determined by technology which will allow energy companies to tap into oil and gas in underground shale rock formations.
read more... 04/10/2013
EIA: Renewables provide 14% of electricity generation in H1 2013
Renewable energy sources provided 14.20 % of the United States net electric generation during the first half of the year (through June 30, 2013), according to recent figures released the "Monthly Energy Review" by the U.S. Energy Information Administration (EIA). During the same period in 2012, renewables accounted for 13.57 % of net electrical generation.
read more... 04/10/2013
Daily: British gas declines on low demand, ample flows
Brent crude futures posted a slide below $109 a barrel on Thursday, following the biggest gain in two weeks in the last session, dragged down by concerns over a prolonged U.S. government shutdown would hit demand in the United States. Meanwhile, Brent crude decreased by 28 cents to $108.91 by 02:47 GMT, after settling $1.25 higher and U.S. oil dropped by 41 cents to $103.69, after ending $2.06 higher.
read more... 04/10/2013