Latest news
Protests in Libya arrested gas exports to Italy
Protestors have shut Libya's gas export pipeline to Italy, its only purchaser, demanding more rights for the Amazigh. The protesters want their language guaranteed under Libya's planned new constitution and a bigger say in a committee to be elected to draft the constitution.
read more... 12/11/2013
North Sea could boost its oil output but it needs a reform
Sir Ian Wood, former chairman of oil services firm Wood Group, said that the UK economy could see 200 billion pounds coming from the North Sea oil and gas industry.
read more... 12/11/2013
Shale gas to cut Poland’s CO2 emissions
The possibility offered by Poland’s shale gas reserves will allow the country to build upon its recent economic development, as well as to reshape its energy sector.
read more... 11/11/2013
Daily: Brent slips on Iran nuclear negotiations
Brent crude oil futures dropped nearly by two percent on Thursday, registering a third consecutive day of losses on stronger dollar and talks between Iran and the West over Tehran’s controversial nuclear program which added pressure to prices. Brent dipped $1.78, or 1.7 percent, to settle at $103.46 a barrel, losing $2 to trade as low as $103.24, its lowest level since July 2. Meanwhile, U.S. oil settled 60 cents lower at $94.20 a barrel after registering its biggest one-day percent gain in more than one month in the previous session when figures showed a larger-than-expected draw from gasoline stocks.
read more... 08/11/2013
Daily: UK prompt gas prices slip on oversupplied market
U.S. crude futures increased by nearly $2 a barrel on Wednesday, recovering from four-month lows, on surprisingly large declines in U.S. fuel supplies to narrow its spread with European Brent crude by more than $1. Meanwhile, Brent traded higher, supported by concerns about prolonged supply outages in Libya as the peak northern hemisphere winter heating season emerges.
read more... 07/11/2013