Latest news
Iran is threatening to crude oil exports on sanctions intensification
Iran is threatening to stop definitively oil exports to the world if sanctions from Western countries become more stringent. Sanctions against the Iran have become tighter as the United States and other nations attempt to force Iran to stop developing its nuclear energy program, while Tehran says its nuclear plans are peaceful.
read more... 24/10/2012
Electricity Interconnector cable to link Ireland and UK
The first electricity link between Ireland and UK has been officially opened and the deal between the two nations will become effective at the start of next month, enabling thus the UK to benefit from Ireland’s wind resources.
read more... 27/09/2012
Daily: Brent crude declines below $110 on economic concerns
Brent crude dropped below 110 per barrel on Wednesday, pulled down by concerns that a fragile global economy could hit demand, although the risk of disruptions to supply from rising tensions between Iran and Western nations kept losses under control.
read more... 26/09/2012
Europe: the hike in oil prices intensified by a fall in the value of the euro against the dollar
Despite recent declines in oil prices, they still remain at amazingly high levels around the world, driving up nations to spend more money on oil imports.
read more... 05/06/2012
Daily – Crude settles up on reserves release talk
U.S. and ICE Brent crude oil futures increased on Friday on bargain buying after they dropped over 5 dollars in two sessions on talk of a possible release of strategic oil reserves by consumer nations.
read more... 30/03/2012