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Daily: Crude oil futures increase on Ukraine gas supply disruption threat, new EU sanctions against Russia
Crude oil futures increased on Monday as Ukraine urged the European Union to extend sanctions against Russia, while Russian gas giant Gazprom has threatened to disrupt natural gas supplies to Ukraine.
read more... 13/05/2014
Climate rules may possibly put at risk oil investment of about $1.1 trillion
Investors might pay out almost $1.1 trillion over the next decade on oil projects and assets that never achieve production if governments implement measures to reduce climate change, according to a report released on Thursday by Carbon Tracker Initiative.
read more... 09/05/2014
Daily: European spot power prices decreased before holiday
Brent crude fluctuated around $108 a barrel on Thursday, maintaining the majority of the gains from the previous session since crude imports in China, the world's second major oil consumer, attained a record high, according to the country’s customs data.
read more... 08/05/2014
Hungary’s MOL likely to purchase ENI’s Czech, Slovak, Romanian units
Hungarian oil and gas group MOL declared it had decided to purchase Eni's Czech, Slovak and Romanian units, counting as well 208 filling stations, with the aim to expand market share, mainly in the Czech retail market.
read more... 08/05/2014
Interest in UK oil and gas licenses declines after plentiful year
Interest in running new oil and gas fields in Britain's North Sea dropped to its lowest level in seven years, taking into consideration that the energy ministry announced on Tuesday it had obtained 173 requests in its most recent offshore licensing round.
read more... 07/05/2014