Latest news
Ukraine is considering gas purchase from European spot market
Ukraine is taking small steps to reduce its reliance on Russian gas imports. According to the Ukraine's Zerkalo nedeli weekly newspaper, the country envisages purchasing three million cubic meters of gas per day from German giant RWE.
read more... 12/03/2012
Japan and Spain reduce Iranian oil imports
Some of the largest Iran's customer nations announced this week that had cut their Iranian oil imports. This is the first evidence that some of the largest Iran's customers are trying to reduce their reliance on Iran's oil imports, switching to Saudi crude, an oil producer rival.
read more... 07/03/2012
Gazprom and Total to develop arctic reserves
Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman of the Board of Directors and CEO of Total met on Friday in Saint Petersburg to discuss the next step in the development of Shtokman natural gas field in the arctic waters on the Russian continent shelf, which is considered by Gazprom to be a strategically important move.
read more... 28/02/2012
Italian oil refineries at risk after Iranian oil embargo
The EU sanctions imposed on oil imports from Iran could drive to the closure of some Italian oil refineries, which are the most vulnerable refineries to closure in Europe, according to European oil industry sources.
read more... 06/02/2012
China –net crude imports to grow slowest in 6 years
According to a released report by oil firm China National Petroleum Corp (CNPC), China’s net crude oil imports are expected to increase 5.9 percent in 2012, registering the slowest growth rate since 2006. This is because of sluggish exports market cuts into consumption. Net crude imports are expected to increase to 266 million tonnes in 2012 from 251.26 million tones.
read more... 03/02/2012