Latest news
Turkmenistan will allocate $93 billion to oil and gas industry
The President of Turkmenistan Gurbanguly Berdymukhammedov declared its intention to allocate $93 billion to encourage the country’s oil and gas industry, which has been negatively affected by small world prices and Russia’s decreasing demand.
read more... 11/10/2017
Daily (11.10.2017): EU carbon contracts hit the highest level in a month on Tuesday
Oil prices increased on Tuesday after Saudi Arabia declared it would reduce oil exports in November, while a huge amount of U.S. offshore output remained offline.
read more... 11/10/2017
Daily (10.10.2017): British spot gas price rose 3.1% on Monday due to lower flows from Norway
Oil prices surged on Monday after one of the most bearish weeks in months, encouraged by OPEC comments indicating the possibility of continued action to reinstate market balance in the long term.
read more... 10/10/2017
Daily (09.10.2017): European prompt prices soared to peaks last seen in February
Oil prices dropped on Friday, as a week of profit-taking and the return of oversupply worries led the market lower, breaking a multi-week bull run. Losses in the oil market were also a consequence of a stronger dollar.
read more... 09/10/2017
Total’s entry in the French retail electricity market will shake prices
French oil major Total affirmed that it would start a price war with EDF and Engie in the French power retail sector, as it plans to offer a 10 percent price discount.
read more... 06/10/2017