Latest news
General Electric to supply advanced technology for TANAP project
US based General Electric's oil and gas unit has won contract to provide advanced turbomachinery for the first phase of the Trans-Anatolian Natural Gas Pipeline (TANAP) project, which is being constructed for gas transportation from Azerbaijan to Europe.
read more... 27/07/2015
Daily: Brent crude hits its lowest settlement since April on supply glut, weak demand
Brent crude oil futures hit its weakest point since April on Thursday and U.S. crude declined below $49 a barrel for the first time since late March, on continued worries about robust supply and low demand which offset support from dollar’s depreciation. U.S. crude for September delivery shed 74 cents to close at $48.45 a barrel, the weakest settlement since March 31. Brent crude for September delivery dipped 86 cents to settle at $55.27, the lowest settlement since April 2.
read more... 24/07/2015
Daily: European year-ahead power prices at the highest level in nearly four months
Crude futures slipped on Monday and U.S. crude declined below $50 a barrel intraday, dragged down by robust supply, expectations of more Iranian crude to export and appreciating dollar. Brent crude for September delivery declined by 45 cents to settle at $56.65 a barrel, having fluctuated between $56.33 and $57.44. U.S. August crude, set to expire on Tuesday, shed 74 cents to close at $50.15, having fallen to $49.85, its first time below $50 since April.
read more... 21/07/2015
Ukraine to receive a $300 mln loan from EBRD to secure its gas supply
The European Bank for Reconstruction and Development is considering the provision of trade finance loan of up to $300 million to Ukrainian state energy firm Naftogaz to purchase gas on the European market.
read more... 17/07/2015
Daily: European prompt power prices edge up on heatwave expectations
Crude oil declined by about 3 percent on Wednesday on forecasts that stronger exports from Iran will add to global oversupply and on increasing stockpiles at the delivery hub at Cushing, Oklahoma. Brent crude for August delivery dropped $1.46, or 2.5 percent, to close at $57.05 a barrel. The August contract expires on Thursday. WTI crude for August delivery shed $1.63, or 3 percent, to settle at $51.41.
read more... 16/07/2015