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Daily: WTI crude oil edges up as Texas faces tropical storm
U.S. crude prices rallied on Tuesday as a tropical storm approached the oil-producing state of Texas, but global supply glut curbed gains and dragged down Brent futures. WTI crude for July delivery boosted 45 cents to close at $59.97 a barrel, having fluctuated from $59.42 to $60.37. Brent front-month August crude fell 25 cents to settle at $63.70, off its $64.41 intraday peak and below Brent's 50-day moving average of $64.01.
read more... 17/06/2015
Gazprom wants to have responses on Sakhalin-2 growth in 2016
Gazprom, a shareholder in Russia's single liquefied natural gas (LNG) plant, Sakhalin-2, wants to be able to respond to questions about the plant's growth next year, as stated by Deputy CEO Alexander Medvedev on Tuesday.
read more... 17/06/2015
Statoil to lay off up to 1,500 permanent employees amid crude oil price collapse
Norway’s state-controlled Statoil envisages cutting its workforce between 1,100 and 1,500 by end of 2016 as an effort to standardise, simplify and increase efficiency across the company.
read more... 17/06/2015
Czech minister sees new state firm as best nuclear alternative
The most rational way to increase the Czech Republic's nuclear power stations would be via a newly created state firm rather than through majority state-owned CEZ, as stated by Industry Minister Jan Mladek on Monday.
read more... 16/06/2015
EU establishes group to expand France-Iberia energy links
The European Commission has established a working group to expand the interconnection capacity of the French and Spanish electricity and gas markets, as it declared on Monday.
read more... 16/06/2015