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Daily: Oil drops by 2% to settle at $48.70 on Friday, the biggest weekly loss since mid-September
Oil
Oil prices reduced on Friday on uncertainties about OPEC's planned production cut. Experts of Organization of the Petroleum Exporting Countries and counterparts from non-member producers such as Russia initiated two-day negotiations on Friday on curbing output to reduce a global glut that has influenced the markets for two years.
read more... 31/10/2016
Gazprom will think about cancelling shareholder deal over Nord Stream extension
Russia's Gazprom will consider annulling a deal with European associates to enlarge the Nord Stream gas pipeline at a board meeting on November 9, it declared on Wednesday, following resistance to the plan in several European nations.
read more... 27/10/2016
Bulgaria to pay compensation to Russian Atomstroyexport for ditched nuclear project
Bulgarian state energy company NEK said on Wednesday that is ready to pay about 600 million euros to Russia's Atomstroyexport for the equipment already manufactured for the scrapped Belene nuclear power plant project.
read more... 26/10/2016
Daily: Oil ends up on Russia-OPEC hopes
Crude oil ended up on Friday on hopes that Russia and OPEC will reach a deal at the weekend aimed to keep crude above $50 a barrel, although traders worried about pressure from a double-digit increase in the U.S. oil rig number. Brent rose 40 cents, or 0.8 percent, to settle at $51.78. For the week, it ended flat. U.S. West Texas Intermediate crude climbed 22 cents, or 0.4 percent, to end at $50.85 a barrel. WTI reached a July 2015 high of $51.93 on Wednesday and ended the week 1 percent higher.
read more... 24/10/2016
Russian Nord Stream-2 seeks new investors
Russia’s Nord Stream-2 pipeline project, operated by Gazprom, is looking for new investments.
read more... 21/10/2016