Latest news
EU puts major Russian oil firms on sanctions list
The European Union put Russia's leading oil producers and pipeline operators Rosneft, Transneft and Gazprom Neft on its list of Russian publicly owned companies that will not be permitted to increase capital or have access to European markets, as stated by an EU diplomat.
read more... 09/09/2014
Daily: Brent declines below $101, weak U.S. job data
Brent crude continued to drop on Monday and remained below $101 a barrel after unsatisfactory U.S. jobs data outbalanced optimistic Chinese export and oil import figures.
read more... 08/09/2014
Exxon and Petrom will have to invest $4-5 billion if gas discovery in the Black Sea is confirmed
Romania's major oil and gas conglomerate Petrom and U.S. top oil company ExxonMobil will have to invest $4-5 billion in the extraction of gas from a Black Sea field, in case additional data confirms their discovery, according to the statement made by President Traian Basescu on Wednesday.
read more... 04/09/2014
Daily: Brent crude dropped towards $102 a barrel due to a rise in stocks, US data
Brent crude price reduced towards $102 a barrel on Thursday, since U.S. industry data showed an increase in fuel stocks in the world's major oil consumer last week, raising new worries on the strength of demand.
read more... 04/09/2014
Daily: Nordic spot power prices have increased on lower wind electricity production
Brent crude remained stable below $103 a barrel on Tuesday, with a new conflict in OPEC oil producer Libya balanced by worries of slowing oil demand increase because of weak economic improvements in China and Europe.
read more... 02/09/2014