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Serbia will reduce gas prices for households from June on weaker oil
Serbia's retail prices for natural gas pumped to households and small business consumers will drop by approximately 5 percent starting from June, mostly because of the decline in global oil prices, as stated by energy regulator AERS on Tuesday.
read more... 27/05/2015
Daily: Crude oil prices under pressure from a rising dollar
Crude oil prices declined nearly 3 percent on Tuesday as a stronger dollar weighted on dollar denominated crude oil futures alongside worries that a recent hike might keep U.S. producers active. Brent crude for July delivery fell $1.80, or 2.75 percent, to close at $63.72 a barrel, the weakest level since April 22 settlement. U.S. crude for July settlement eased $1.69, or 2.83 percent, to settle at $58.03, having traded as low as $57.71.
read more... 27/05/2015
Daily: Crude oil prices gain ground amid concerns over Middle East turmoil
Crude oil prices rebounded on Monday as a robust global demand compensated a strong dollar, although a holiday in the United States and much countries of Europe reduced the trading activity. Crude oil was also spurred by signs that U.S. supply is easing and by fresh worries that violence in the Middle East will aggravate. U.S. crude stockpiles have declined for three consecutive weeks after having rallied to record highs last month.
read more... 26/05/2015
Romania will forward oil and gas royalty tax law to parliament in September
Romania's government will forward a draft law on royalty taxes for the oil and gas sector to parliament in September, as declared by Deputy Finance Minister Dan Manolescu to an energy seminar on Monday.
read more... 26/05/2015
Daily: European forward power price rebound, while spot decline ahead of holiday in Germany and France
Crude oil prices declined by about 2 percent on Friday, spurred by a rallying dollar at a near one-month high and by profit-taking ahead of a long U.S. holiday weekend. North Sea Brent oil decreased by $1.17, or 1.8 percent, to settle at $65.37 a barrel. Brent fell 2.1 percent on the week. WTI crude fell $1.17 or 1.7 percent, to close at $59.72. It posted a 3 cents increase for the week, prolonging weekly gains for a 10th consecutive week.
read more... 25/05/2015