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Daily – oil up over 2 percent on worries over supply disruptions
Crude oil futures increased over 2 percent on Tuesday driven up by worries over supply disruptions on speculation of a possible shutdown of the Straits of Hormuz by Iran’s military.
read more... 14/12/2011
EBRD to loan 253 million dollars to RusHydro
The European Bank for Reconstruction and Development agreed to provide a long-term loan to RusHydro subsidiary in Russia, worth 253 million dollars (RUB8bn). The loan is provided for 10 years and will be allocated for restructuring of a recently acquired subsidiary, OJSC Energy Systems of the Far East (ESV).
read more... 14/12/2011
EU supports a single energy market by 2014
The leaders from EU 27 countries are planning to complete a single electricity and natural gas market by 2014, a measure funded by Poland, the conclusions from the European Council meeting in Brussels showed.
read more... 14/12/2011
OPEC meets to discuss output
The Organization of the Petroleum Exporting Countries meets on Wednesday in Vienna to discuss oil output policy.
read more... 14/12/2011
IEA: oil market to be more balanced in 2012
According to the most recent monthly report released by International Energy Agency (IEA), the global oil demand is expected to fall in 2012 on the worsening global economic background and persistently increased oil prices, fact that will help balance oil markets next year.
read more... 13/12/2011