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Daily: British wholesale gas prices increase on reduced flows, short system
Brent crude dropped below $80 a barrel on Wednesday for the first time since 2010, dragged down by technical selling, pressure from dollar appreciation and after Saudi Arabia’s oil minister hesitated to say if the kingdom supports a production cut at OPEC's meeting on November 27. Brent crude reached a session low of $79.84, its lowest level since September 2010, before closing down $1.29 at $80.38. After settlement, Brent declined below $80 again. WTI crude hit a session low of $76.63, then closed down 76 cents at $77.18.
read more... 13/11/2014
Russia signs second China gas agreement, but declining prices increase worries
Russia and China inked a framework accord for a gas supply deal at the weekend, but declining energy prices pressure on negotiations and might still compromise their plans.
read more... 11/11/2014
Eustream begins open season for new gas connection with Hungary
Hungarian and Slovak gas pipeline operators MGT and Eustream announced on Monday the beginning of the open season for capacity on a new interconnector between the two countries from January 1.
read more... 11/11/2014
Elering purchases from Fortum controlling stake in Estonian gas grid
Estonian electricity grid operator Elering AS will purchase a controlling stake of 27.5 million euros ($34.3 million) in the country's gas transmission system operator from Finnish utility Fortum, as stated by the companies on Monday.
read more... 11/11/2014
Shah Deniz II initial gas supplies to Europe in the first quarter of 2020
Europe will receive the first gas from Azerbaijan's Shah Deniz II project in the first quarter of 2020, as stated by BP spokesman on Friday.
read more... 10/11/2014