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Turkish Stream gas pipeline construction will start in 2018
According to Alexei Miller, chairman of Russian state-owned energy giant Gazprom, the construction work on the Turkish Stream project will start in 2018, in accordance with the latest intergovernmental agreement which has been signed on Monday.
read more... 12/10/2016
Daily: British gas prices diverge, with day-ahead up due to tight supply
Crude oil prices settled down on Tuesday, retiring from one-year highs amid uncertainty how rapidly global oil supply could be reduced in line with demand even if OPEC and Russia agreed to a steep production limitation. On Tuesday, Brent crude lost 73 cents, or 1.4%, to settle at $52.41 a barrel, retreating from a one-year high of $53.73 reached on Monday. US West Texas Intermediate (WTI) crude declined 56 cents, or 1%, to end at $50.79.
read more... 12/10/2016
Daily: Crude oil rockets at one-year high as Russia wants to join OPEC in limiting output
Crude oil prices rose as much as 3 percent on Monday, with Brent attaining a one-year high, fueled by Russian President declarations that Russia is ready to join OPEC in slashing crude output and Algeria required for similar actions from other non-OPEC producers. Brent crude rallied to its highest level since October 9, 2015, up $1.21, or 2.3 percent to close at $53.14 a barrel. U.S. West Texas Intermediate crude rocketed to its highest level since June 9 at $51.60, before paring gains to end the session at $51.35, up $1.54, or 3.1 percent.
read more... 11/10/2016
Daily: Prompt British gas prices gain ground as imports from Netherlands and Norway fell
Crude oil prices declined about 1 percent on Friday as investors took some profits after a good week in a context of persistent questions about the attitude of OPEC and Russia. Brent crude lost 58 cents, or 1.1 percent, to settle at $51.93 a barrel. U.S. West Texas Intermediate (WTI) crude declined 63 cents, or 1.3 percent, to close at $49.81.
read more... 10/10/2016
Turkey more than quadruples thermal coal import tax for several nations
The Turkish government has more than quadrupled a tax to $70 a tonne on thermal coal imports employed in electricity generation from Colombia, Russia, South Africa and other significant coal producers, in a bid to back domestic coal production.
read more... 05/10/2016