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Statoil stretched gas supply agreement with Britain's SSE
Norway's Statoil declared on Monday it had extended five-fold a long-term gas sale deal with Britain's second-largest utility SSE.
read more... 02/06/2015
Daily: UK gas prices tumble on supply glut
Crude oil prices rose by about 5 percent on Friday, their largest hike in 1-1/2 months, as a constant U.S. dollar and a bigger than expected decline in U.S. oil rigs in operation compensated a fresh rush of bullish bets. Brent crude closed at $65.56 a barrel, up $2.98, or 4.8 percent, on the day. It was flat on the week, while for the month, it declined by 2 percent. U.S. crude has increased by as much as $4 a barrel after touching a one-month low just a day ago. WTI crude closed at $60.30, up $2.62, or 4.5 percent, on the day, and up about 1 percent on both the week and month.
read more... 01/06/2015
Serbia expects to launch gas pipeline to Bulgaria in 2016
Serbia wants to launch operations on a delayed gas pipeline link with Bulgaria in 2016 to guarantee alternative supplies following the failure of Russia's South Stream project, Belgrade's energy minister declared on Thursday.
read more... 29/05/2015
Daily: British gas prices diverge on supply glut, colder temperatures forecasts
Crude oil prices decreased by up to 3 percent for a second consecutive day on Wednesday as a strengthening dollar weighted on the market amid worries that U.S. crude supplies may have begun increasing again after three weeks of declines. Brent crude fell $1.66, or 2.6 percent, to settle at $62.06 a barrel. U.S. crude closed at $57.71, down 52 cents, or 1 percent.
read more... 28/05/2015
Venezuela and Russia’s Rosneft settle on oil, gas investment of $14 billion
Venezuela and Russia's major oil producer, Rosneft, have settled on approximately $14 billion in investment in the South American OPEC country's oil and gas sector, as stated by President Nicolas Maduro on Wednesday evening.
read more... 28/05/2015