Latest news
Daily: Brent crude posts a weekly gain of 1.8% on tight supply in Libya
Brent crude oil rebounded on Friday to settle about 2 percent higher on the week, spurred by worries about output in Libya, where protesters closed again two oilfields, while violent confrontations burst in the east. Brent crude rose by 66 cents to close at $109.75 a barrel, posting a weekly gain of 1.8 percent. U.S. crude increased by 52 cents, or 0.51 percent, arriving at $102.02 a barrel, or 2 percent higher compared with the previous week.
read more... 19/05/2014
Europe forms single power market covering 70% of customers
Power grids and exchanges in southern and north-western Europe connected markets on Tuesday covering approximately 70 percent of European customers, which will contribute to unified power pricing while diminishing risks of supply.
read more... 14/05/2014
Daily: Crude oil futures increase on Ukraine gas supply disruption threat, new EU sanctions against Russia
Crude oil futures increased on Monday as Ukraine urged the European Union to extend sanctions against Russia, while Russian gas giant Gazprom has threatened to disrupt natural gas supplies to Ukraine.
read more... 13/05/2014
Cyprus: alternative gas supply to be proposed to Europe
Cyprus might propose Europe an alternative gas supply, as stated by Cypriot President Nicos Anastasiades during a visit to Berlin on Tuesday, aiming to decrease the nation's reliance on Russian natural gas.
read more... 07/05/2014
Daily: British gas prices drop amid low demand, LNG ample imports
U.S. crude oil futures ended nearly unchanged on Tuesday, but rebounded after the settlement trade closure after the industry group the American Petroleum Institute unveiled that crude inventories fell the previous week, challenging analysts’ expectations for an increase. Meanwhile, Brent crude prices declined on Tuesday dragged down by the restart in Libyan supply.
read more... 07/05/2014