Latest news
Rosneft envisages doubling China oil deliveries in exchange for an oil-for-loan deal
The Russian oil major Rosneft is eyeing a $30 billion loan from China and is in talks with state-owned China National Petroleum Corp in exchange for doubling oil supplies to Beijing, in a move that could divert supplies away from Europe.
read more... 14/02/2013
Daily: UK gas increases on weaker pipeline flows, higher heating demand
Brent and U.S. crude oil futures boosted on Tuesday following OPEC’s monthly released report showing an optimistic outlook for the amount of crude that group experts have to produce in 2013 in order to keep supply and demand in equilibrium.
read more... 13/02/2013
ABB and Eni signed a $40 million contract for export terminal on Ionian Sea
Switzerland-based power and automation technology group ABB has signed a contract with the Italian Energy Company Eni, to extend the export terminal of Eni's refinery in Taranto, located in the 'Mar Grande' bay on the Ionian Sea in southern Italy. The contract between ABB and the multinational Italian oil and gas company, is part of Eni’s strategy to improve its refinery infrastructure and ensure a connection with the onshore Tempa Rossa oil plant.
read more... 12/02/2013
Daily: European power prices soar on forecasts for colder weather
Brent crude oil futures dropped on Monday on worries about the euro zone economy, while U.S. crude climbed and reduced the spread between the two contracts. Brent March crude declined 77 cents, or 0.65 percent, to settle at $118.13 a barrel, having traded from $117.54 to $119.07. Meanwhile, U.S. March crude increased by $1.31, or 1.37 percent, to settle at $97.03 a barrel, having traded from $94.97 to $97.09.
read more... 12/02/2013
Daily: Coal prices increase on Colombian miners’ strike
Brent crude oil futures increased on Friday, hitting a nine-month high during session on optimistic Chinese economic and oil import data, registering a 1.8 percent gain for the week. Meanwhile, Brent March crude boosted $1.66, or 1.42 percent, to settle at $118.90 a barrel, having traded from $117.31 to $119.17.
read more... 11/02/2013