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Daily: British gas prices increase on forecasts for colder weather, stronger oil prices
WTI crude prices increased 2% on Monday, spurred by a hike in U.S. gasoline and Russia’s disposition to meet other major oil producers to discuss the market. Higher stock prices on Wall Street and a weaker dollar added further support to oil and other dollar-denominated commodities. U.S. crude firmed by 72 cents, or 1.6 percent, to close at $46.26 a barrel. Brent boosted $1.20, or 2.4 percent, to settle at $49.95 a barrel.
read more... 06/10/2015
The discounted gas price for Ukraine in Q4 will be approximately $230
Russian Energy Minister Alexander Novak made known on Saturday that the reduced price Ukraine would pay for Russian gas supplies in the fourth quarter would be approximately $230 per thousand cubic metres, plus or minus $2 or $3.
read more... 05/10/2015
BASF finalizes asset switch with Gazprom
BASF has exchanged assets with Gazprom which will give the German firm access to Western Siberia projects while the Russian company will obtain gas storage facility in Europe.
read more... 02/10/2015
Russia postpones Arctic drilling plan for up to three years
The Russian Government has made known about its plan to defer its drilling operations on the Arctic Shelf for about three years.
read more... 02/10/2015
Daily: Crude oil prices diverge in volatile trade amid a hike in U.S. stockpiles, airstrikes in Syria
Crude oil prices settled mixed in volatile trade on Wednesday, with Brent increasing on concerns about Russian airstrikes in Syria and WTI crude declining after figures showing a hike in domestic stockpiles. For the quarter, both Brent and U.S. crude lost 24 percent, recording their largest decline since the end of 2014. Brent rose by 14 cents, or 0.3 percent, to close at $48.37 a barrel. It shed 10 percent for September. U.S. crude slipped 14 cents, or 0.3 percent, to end at $45.09, reversing earlier gains. For the month, U.S. crude fell 8 percent.
read more... 01/10/2015