The Caspian Sea region, which includes Russia, Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, and Iran, is one of the oldest oil producers. However, despite being a traditional oil producer, the Caspian area's importance as a natural gas producer is increasing rapidly.
read more... 17/09/2013
Brent crude oil inched up on Friday, reversing losses of over $1 before the settlement following uncertainty over negotiations between the United States and Russia over Syria’s chemical weapons which put investors on the edge.
read more... 16/09/2013
Brent crude futures traded steady over $111 a barrel on Thursday as players waited to see if diplomatic efforts to eliminate Syria's chemical weapons avoid the threat of U.S. military action that could lead to disruption of oil supplies.
read more... 13/09/2013
Areva, in a consortium with a French industrial boiler supplier Leroux & Lotz Technologies, has won a contract valued at €55m from renewable energy developer neoen to build a biomass co-generation power plant in Commentry, France.
read more... 11/09/2013
Brent crude oil futures increased off sessions lows on Tuesday after bullish Chinese data strengthened the demand panorama from the world’s No.2 oil consumer. China's industrial output increased a forecast-beating 10.4 percent in August from a year ago, while retail sales boosted 13.4 percent.
read more... 11/09/2013