Latest news
Daily: Brent crude dips nearly to 5-month low on China, Europe manufacturing data
Brent crude oil futures dropped on Tuesday to hit almost a five month-low on pessimistic manufacturing figures from China and Europe. WTI oil futures also posted a decline as analysts forecasted an increase in crude stocks for 11th straight week in a row.
read more... 02/04/2014
Russia intensifies pressure on Ukraine with gas price increase
A raise of about 40% in the gas price for Ukraine has been announced on Tuesday by Russian natural gas producer Gazprom, escalating financial pressure on Kiev in its confrontations with Moscow.
read more... 02/04/2014
Siemens to invest £160 million in UK wind turbine production and installation facilities
Global engineering giant Siemens has confirmed its plans to invest £160 million in wind turbine production and installation facilities in Yorkshire, England.
read more... 01/04/2014
Spain prompted to tap its oil and gas potential
Spain could be transformed into a gas exporter by 2031 while producing 20% of the oil it consumes, according to a report released by consultancy Deloitte.
read more... 01/04/2014
Daily: Crude oil futures tumble in a choppy end-quarter trading
Crude oil futures declined in a choppy trading at the end-of-quarter trading on Monday, dragged down by news that Russia withdrew some infantry battalion on the Ukrainian border and worries about the struggling U.S. labor market expressed by Federal Reserve Chair Janet Yellen.
read more... 01/04/2014