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Daily: Brent crude loses ground on concerns over global economy, supply
Brent stroke below $90 a barrel on Thursday for the first time since the summer 2012, dragged down by pessimistic outlook and increasing oil stockpiles curbed energy prices. Brent crude for front-month delivery decreased $1.33 to settle at $90.05, its weakest settlement since June 2012. WTI crude for November delivery closed at $85.81, its lowest level since December 2012, and continued to slip in post-settlement trading to $85.02.
read more... 10/10/2014
BG Group receives $350m for gas debt from Egypt
Egyptian Government paid to British gas explorer BG Group $350 million (£219m). The payment is for significant debts to the firm which along with other important energy players is allocated money by the country.
read more... 09/10/2014
Huge wind farm order in Brazil lost by Vestas
Wind turbine manufacturer Vestas Wind Energy lost an important deal in Brazil to Spanish competitor Gamesa since the Danish firm does not have the necessary local output to obtain cheap financial support for its client.
read more... 06/10/2014
Norway: Statoil signs deal to vend gas to Ukraine’s Naftogas
Norwegian energy company Statoil has inked an agreement to vend gas to Ukraine state gas firm Naftogaz, according to the Nordic company on Friday, supplying another source of gas for Ukraine after Russia’s halt of supplies.
read more... 06/10/2014
Decreasing energy prices inform on weakening world economy
A sharp decline in energy prices around the world informs on worsening of the global economy since China's decade-long expansion stopped, in addition to Europe's long fight with collapse.
read more... 03/10/2014