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Daily: WTI crude posts its longest weekly decline since 1998
Brent crude futures increased 53 cents to settle at $83.39 per barrel on Friday; however it dropped nearly 3 percent for the week, the seventh consecutive week of losses. U.S. crude mounted less than a dollar on Friday but ended down more than 2 percent for the week, recording the first six straight week decline since December 1998. The Friday increase was spurred in part by geopolitical tensions in Ukraine and the dollar withdrew from its four-year high.
read more... 10/11/2014
Ukraine: Naftogaz reimburses $1.45 billion to Gazprom
Ukrainian state energy company Naftogaz declared on Tuesday it had paid $1.45 billion to Russia's Gazprom, the first tranche of debt reimbursement required by an accord that will see Moscow restart gas supplies to its ex-Soviet neighbor.
read more... 05/11/2014
Ukraine, Russia and EU sign an agreement to supply natural gas
Ukraine, Russia and the European Union inked an agreement on Thursday that will see Moscow restart crucial supplies of gas to its ex-Soviet neighbor over the winter in return for payments partly financed by Kiev's Western creditors.
read more... 31/10/2014
Ukraine mulls gas pipe to Poland to receive European gas
Ukraine is envisaging building a gas pipeline worth $245 million that will enable receiving gas from Europe through Poland, according to Ukrainian UNIAN news agency.
read more... 21/10/2014
EU could intercede to guarantee gas supply if Russian flows are halted
European Union authorities could intercede to avert gas shortages this winter in case the Ukraine crisis leads to disruption to flows from Russia.
read more... 17/10/2014