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Azerbaidjan: oil&gas, chemical plant to be build near Baku
Azeri state energy firm SOCAR intends to construct a huge complex processing oil, gas and petrochemicals near the capital Baku valued at $14.4 billion, which is estimated to be finished in 2023.
read more... 02/05/2014
Daily: British wholesale natural gas hovers near three-year lows on low demand
Brent crude dropped towards $108 a barrel on Thursday, close to its lowest level in more than two weeks, as flat data in China, a possible oil increase in Libya's oil supply and record-high in U.S. stockpiles impacted prices. Brent crude for June delivery slipped 3 cents to $108.04 a barrel by 03:24 GMT, after a 0.8 percent decline in the previous session to end at its lowest settlement since April 11. Meanwhile, U.S. crude for June delivery declined 7 cents to $99.67 a barrel, after having decreased 1.5 percent on Wednesday to settle at its lowest level since April 2.
read more... 02/05/2014
Daily: Crude oil prices get support from geopolitical concerns
Crude oil prices increased on Tuesday as tensions increased in eastern Ukraine and obtaining further support from a sudden violence in Libya, raising questions when oil flows will restart. Brent crude futures for June delivery closed at $108.98 per barrel, increasing 86 cents, or 0.8 percent, after having hovered much of the day above $109 per barrel. Meanwhile, U.S. crude for June delivery gained 44 cents to settle at $101.28 per barrel, up 0.44 percent.
read more... 30/04/2014
Romanian PM: No shale gas production in the next 5 years
Despite the fact that Romanian shale gas sector is its early stages, with the American oil giant Chevron having started the exploration of shale gas, Romanian Prime Minster Victor Ponta declared on Thursday that Romania will not exploit shale gas at least in the next five years.
read more... 30/04/2014
Daily: Brent crude prices fall as Libya exports resume
Brent crude oil dropped by about $1.50 a barrel on Monday as Libya, an important crude oil producer, paved the way to resume exports from the eastern oil port of Zueitina, while the spread versus U.S. futures suddenly reduced after expanding for two weeks.
read more... 29/04/2014