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Algeria awards 4 oil, gas blocks out of 31
Algeria awarded four oil and gas field blocks of 31 on proposal to foreign conglomerates on Tuesday in its first try since an unsatisfactory 2011 bid to draw investors to facilitate compensate its idle production.
read more... 01/10/2014
Daily: World crude oil prices plummet to two-year lows, slashing quarterly loss
Crude oil prices tumbled on both sides of Atlantic, touching the lowest level in more than two years on Tuesday, with WTI crude recording its largest daily drop since 2012, as a decline in gasoline prices and end-of-quarter selling reduced three months of losses. Brent crude for November delivery plummeted $2.53 to settle at $94.67 a barrel, posting a 16 percent loss for the quarter. U.S. crude decreased by $3.41 to close at $91.16 a barrel, its biggest one-day loss since November 2012.
read more... 01/10/2014
Turkey raises energy prices, driving 2014 inflation predictions above 9%
Turkey will raise power and natural gas prices by 9 percent starting from October, as stated by Energy Minister Taner Yildiz on Tuesday, accusing a weaker currency for the price increases in the greatly import-dependent country.
read more... 01/10/2014
Daily: European coal futures plunge to five-year lows on cheaper oil, gas and pessimistic economic data in China
WTI crude oil increased on Monday spurred by U.S. economic figures, while Brent rebounded after getting closer to a two-year low last week. U.S. crude for November delivery boosted $1.03 to close at $94.57, while Brent increased 20 cents to settle at $97.20 a barrel.
read more... 30/09/2014
France: Total obtains Egypt gas exploration permit
French oil firm Total won a license to explore for natural gas in the Nile Delta, as declared on Monday by a source in the Egyptian Natural Gas Holding company (EGAS) owned by State.
read more... 30/09/2014