Latest news
Daily: Brent crude declines below $112 on shaky global economic outlook
Brent crude slipped below $112 per barrel on Monday, mirroring investor concerns that an unstable global economy may hurt oil demand following new evidence of weakness in China and Japan as well as continuous worries about the debt-saddled euro zone.
read more... 01/10/2012
Russia to attract foreign investors to develop Arctic offshore shelf
The Russian government announced the new incentives to attract major investors in order to develop projects on the country’s Arctic offshore shelf, as well as in East Siberia.
read more... 24/09/2012
France: A new target for CO2 reductions has been proposed
The EU's present target is to cut emissions by 20% below 1990 levels by 2020, but on Friday, the French President Francois Hollande proposed a 40% reduction in carbon dioxide emissions by 2030 and a 60% reduction by 2040, implying the European Union countries, well beyond the 20 % target set for 2020.
read more... 17/09/2012
Daily: UK gas drops on weak demand and healthy supplies
Brent crude futures increased on Thursday, settling near $106 a barrel on a large decline in U.S. crude oil stockpiles and tight North Sea supply, as well as supported by the statement that Federal Reserve did not offer new monetary stimulus.
read more... 02/08/2012
U.S. imposes new tighter sanctions on Iran’s oil
Obama administration has unveiled new sanctions against foreign banks, as well as on firms that help Iran sell its oil, as Iran is refusing to answer international questions about its nuclear program.
read more... 02/08/2012