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Daily: Crude oil prices rally to nine-month high amid Iraq clash
Crude oil prices rallied to nine-month highs on Thursday, buoyed by worries that the intensifying violence in Iraq could cut oil supply from the second-largest OPEC producer. Brent futures rose by $3.07 to close at $113.02 a barrel, the highest level since September 9, while WTI oil gained $2.13 to end at $106.53 a barrel, posting equally the highest settlement price since September 18.
read more... 13/06/2014
Daily: French electricity prices increase on stronger electricity consumption expectations
Brent crude oil futures increased toward $110 a barrel on Wednesday as tensions in Iraq intensified concerns about the supply perspective, while WTI crude registered a slight boost since a weekly government report indicated a decline in crude oil and gasoline inventories.
read more... 12/06/2014
Ukraine and Russia will continue gas price discussions, no agreement yet
Russia, Ukraine and the European Commission negotiated eight hours on Tuesday without reaching an agreement on working out a gas pricing dispute, increasing the risk of halt in supply.
read more... 10/06/2014
Daily: British spot gas prices plunge on supply glut
Brent crude boosted on Monday, adding over $1 to trade greater than $110 a barrel for the first time since June, while WTI crude gained about $2, as upbeat figures from China and the U.S. underlined a strong economic growth and higher demand for oil from the both countries, the two largest consumers in the world.
read more... 10/06/2014
Bulgaria is not abandoning South Stream pipeline project
Bulgaria has not renounced the intention to construct the South Stream pipeline to supply Europe with Russian gas and considers that the project managed by Gazprom will be finished once problems over its structure are fixed, as stated by Energy Minister Dragomir Stoynev on Monday.
read more... 10/06/2014