Latest news
BP allocates $5 bn to Gulf oil spill claimants
The British energy giant, BP has set up a fund through which it has paid more than 5 billion US dollars in claims to victims of last year's devastating oil spill in the Gulf of Mexico.
read more... 25/08/2011
Daily energy Overview, Wednesday, August 24, 2011
U.S. and Brent crude oil futures increase on Tuesday on the back of a recovery on Wall Street spurred by hopes that the Federal Reserve would soon announce more help for the sluggish economy.
read more... 24/08/2011
Green tax increase hits UK businesses
According to recently presented figures by Utilux, energy consultants and traders, electricity consumers could face an increase of 58pc by 2020, supported mainly by a rise in green taxes that will come into force in the next 10 years.
read more... 24/08/2011
EU expands sanctions on Syria, including oil embargo
The European Union agreed to extend the scope of its sanctions in Syria, adding 20 new names to the list of Syrians targeted by asset freeze and travel ban.
read more... 24/08/2011
Ukraine to reduce Russian LNG imports within 5 years
According to the Energy Minister Yuriy Boyko, Ukraine is planning to cut its Russian natural gas imports by about 70% or about 27 billion cubic meters annually, in the next five years to an annual volume of 12 billion cubic meters.
read more... 24/08/2011