Brent crude dropped on Monday, falling below $86 a barrel as concerns about oversupply and weak demand dragged down worldwide oil benchmark back to last week’s four-year low. WTI crude hovered below $83 a barrel. Brent settled as low as $84.41, after having dropped 69 cents at $85.47 a barrel by 1945 GMT. U.S. crude declined 4 cents to close at $82.71 a barrel. The spread between Brent and U.S. crude extended at $3.39 a barrel.
read more... 21/10/2014
Ukraine is envisaging building a gas pipeline worth $245 million that will enable receiving gas from Europe through Poland, according to Ukrainian UNIAN news agency.
read more... 21/10/2014
Eni signed a collaboration accord with Korea Gas Corporation (KOGAS) to further reinforce their relationship in a number of areas, mainly in the upstream and LNG sectors. The deal will permit the firms to jointly track opportunities globally.
read more... 20/10/2014
The French government intends to vend stakes in public utility networks to investors since it looks to increase billions of euros in asset sales, as stated by Economy Minister Emmanuel Macron on Friday.
read more... 20/10/2014
Crude oil prices posted a modest gain on Friday, recovering from near four-year lows as investors bought back into a an oversold market and as conflicts in Iraq intensified political risk. Brent for December delivery increased by 34 cents to close at $86.16 a barrel. Brent contract for November delivery expired on Thursday. U.S. November crude, boosted 5 cents to settle at $82.75, registering its consecutive third weekly decline.
read more... 20/10/2014