Latest news
Centrica’s British Gas has to pay $9.4 million
Centrica's British Gas, the focus of an anti-trust examination next to Britain's other big energy companies, will pay approximately 5.6 million pounds ($9.4 million) to fix past errors which had stopped business clients from changing suppliers in the period between 2007 and 2012, as declared on Thursday by Energy watchdog Ofgem.
read more... 11/04/2014
Daily: WTI crude oil increases on sharp rise in gasoline demand
WTI crude oil boosted by more than $1 on Wednesday as gasoline demand rocketed in the U.S., pushed up by technical trading, while Brent crude registered a modest gain following strained relations between Russia and the West. The U.S. Energy Information Administration data, showing a sharp build in gasoline demand, drove up U.S. gasoline and crude oil prices above key technical level.
read more... 10/04/2014
Daily: Crude oil rallied on stockpiles expectations, fresh tensions in Ukraine
Crude oil prices rallied on Tuesday, with WTI increasing ahead of weekly stockpiles reports expected to point out a decline in gasoline stocks, while Brent was spurred by new conflicts in eastern Ukraine which intensified tensions between Russia and West.
read more... 09/04/2014
Lebanon: gas licensing round to be closed in 4 months
Lebanon anticipates ending its first licensing round for offshore gas exploration regions in almost four months after prevailing over a legislative barrier by the end of April, as stated by the energy minister on Monday.
read more... 08/04/2014
BG Group transferred worldwide LNG, oil trading headquarters to Singapore
BG Group has transferred its headquarters for worldwide oil and liquefied natural gas (LNG) trading from the United Kingdom to Singapore in order to be nearer to clients in the emergent Asian region, as stated by the company on Monday.
read more... 07/04/2014