Latest news
Daily: UK gas increases to record levels on pipeline halting
Brent crude oil futures increased on Friday in choppy trading on uncertainty about the financial turmoil in Cyprus which hit markets and on the back on weaker dollar which added support. Meanwhile, Brent May crude boosted 19 cents, or 0.18 percent, to settle at $107.66 a barrel, having traded from $106.90 to $107.96, however registering a weekly loss of $2.16, or 1.9 percent.
read more... 25/03/2013
Bulgaria withdraws from major project with Russia and Greece
Bulgaria's outgoing parliament has voted to abandon a 1 billion euro oil project meant to bring Russian oil to Greece via Bulgaria. A total of 115 lawmakers in the 240-seat legislature voted to scrap a 2007 agreement with Russia and Greece for the 280-kilometre pipeline, while twenty-five lawmakers voted against the move.
read more... 11/03/2013
Statoil to build a new oil hub in Europe
Norway's Statoil is to build an oil terminal in the Arctic, which according to the Norwegian group could spark “a new industrial era” in the region. Norway's Minister of Petroleum and Energy, Ola Borten Moe said that Statoil ASA's plan to bring oil by pipeline from the Barents Sea to a new terminal in the country's far north could lead the way to a permanent oil hub in the Arctic.
read more... 19/02/2013
Tri-lateral contract on TAP between Italy, Albania and Greece
The governments of Greece, Albania and Italy have signed a trilateral agreement to build a Trans-Adriatic Pipeline (TAP) for Europe, as part of efforts to expand the region’s natural gas supply away from Russian dependence.
read more... 14/02/2013
Daily: UK gas increases on weaker pipeline flows, higher heating demand
Brent and U.S. crude oil futures boosted on Tuesday following OPEC’s monthly released report showing an optimistic outlook for the amount of crude that group experts have to produce in 2013 in order to keep supply and demand in equilibrium.
read more... 13/02/2013