Latest news
Daily – gas prices down near 2012 lows
U.S. crude futures decreased on Thursday as lasting low demand and firm technical resistance countered optimism about the euro zone tackling its debt problems and a report indicating a drop in the U.S. crude stockpiles. NYMEX crude for February delivery traded at 100.39 dollars a barrel, losing 20 cents after a trading range from 100.07 and 102.06 dollars.
read more... 20/01/2012
Ukraine to cut the amount of natural gas imports from Russia
The Ukrainian Prime Minister Mykola Azarov declared that Ukraine refuses to pay for large volumes of gas from Russia, as set out in current contracts, ahead of continued negotiations with Russia, as Kiev considers them as unfair.
read more... 20/01/2012
Gazprom to strengthen its power activities merging with Renova
According to the announcement of the Russian energy giant Gazprom on Wednesday, the company plans to consolidate its power generation activities by merging with Renova group by the end of the first quarter 2012. The companies confirmed their intention to complete a merger of the energy activities and consented to extend the Memorandum of Understanding until the end of the first quarter 2012.
read more... 20/01/2012
It is official: Turkey approves the construction of South Stream pipeline
Turkey has announced in December that it gives all necessary approvals for the South Stream pipeline project, allowing the construction to proceed and to be executed on schedule, before the end of 2015. The news was officially confirmed by Moscow on January, 9, stating that the pipeline will be built through Turkey’s Black Sea exclusive economic zone, en route to central Europe.
read more... 20/01/2012
Daily – oil down on demand outlook
U.S. and Brent crude oil futures shed on Wednesday as a low global demand outlook from the International Energy Agency weighed on oil prices and countered any supportive effect of a weaker dollar.
read more... 19/01/2012