Slovakia is the Ukraine’s main hope to receive gas from Europe in case of Kremlin’s supply cut. The country could reopen a small pipeline, but stopped short of consenting to reverse the flow of important connections that provide EU with Russian gas.
read more... 16/04/2014
Brent crude oil boosted more than $1.50 on Monday as violence intensified in Ukraine and as Western powers decided to expand sanctions against Russia, while U.S. crude posted a modest gain on positive retail sales figures that gave assign that U.S. economy is rebounding.
read more... 15/04/2014
U.S. crude oil rocketed to near a six-week high on Friday, encouraged by solid gasoline demand and a positive consumer confidence report, but gains were slashed by profit taking and falling demand forecast, published by IEA. Meanwhile, Brent crude prices dropped on Friday, dragged down by Russia’s warnings that it could cut Ukraine’s natural gas supply.
read more... 14/04/2014
Driven by Ukraine crisis, the Baltic States accelerated plans to increase its liquefied natural gas (LNG) imports, with the hope to radically reduce Moscow's grip on the region's supply.
read more... 11/04/2014
Gazprom will keep contractual obligations towards Germany relative to gas supply, even though Berlin backs stricter sanctions to dissuade Moscow from more destabilization of Ukraine, according to the declaration of the Russian exporter in a newspaper.
read more... 07/04/2014