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Russian PM rejects oil tax increase, since gas fee rise is envisaged
Russian Prime Minister Dmitry Medvedev has rejected demands to increase the mineral extraction tax (MET) for oil producers, as stated by a government spokeswoman on Monday, while a source told Reuters a gas output tax raise was being envisaged instead.
read more... 29/09/2015
Daily: Crude oil prices down 3% amid tumbling equities on Wall Street
Crude oil prices lost nearly by 3 percent on Monday, dragged down by declining equities on Wall Street and pessimistic economic data, even if an expected drawdown in crude inventories at the main U.S. storage hub was likely to curb losses. WTI crude fell 2.8 percent to settle at $44.43 a barrel. Brent crude futures shed $1.18, or 2.5 percent to close $48 a barrel.
read more... 29/09/2015
Shah Deniz field produced 64 billion cubic meters of gas during first phase of development
Energy-rich Azerbaijan extracted from its Shah Deniz field 64 billion cubic meters of gas from the commencing date of this project to September 1, 2015, according to the First Vice President of State Oil Company of Azerbaijan Republic (SOCAR) in Geology Geophysics & Field Development Issues, Khoshbakht Yusifzade.
read more... 29/09/2015
Daily: European forward electricity prices hit by lower coal, carbon
Crude oil prices rebounded for a second consecutive day on Friday, spurred by an increase on Wall Street and a weaker U.S. rig count. Brent, the global benchmark for oil, rose by 43 cents, or 0.9 percent, to settle at $48.60 a barrel. It gained almost $1 at the session high, then turned negative for a good part of the day before recovering. U.S. crude jumped 79 cents, or 1.8 percent, to close at $45.70. For the week, both Brent and U.S. crude climbed about 2 percent.
read more... 28/09/2015
Total aims to invest $500 million per year in renewable energy
Total SA intends to invest $500 million a year in green energy, a step by Europe’s second-most important oil and gas firm to grow in biofuels and solar.
read more... 25/09/2015