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
Ukraine to diversify its gas supplies away from Russia
Ukraine is envisaging importing natural gas from Europe via Hungary and Slovakia in the first quarter of 2013, as it is trying to diversify its supplies away from Russia’s Gazprom.
read more... 13/02/2013
Italy could face an additional cost of about €1 bn for energy
After the last week conflict in Algeria, when Islamic militants attacked a complex controlled by BP PLC, Norway's Statoil ASA and Algeria's state energy company Sonatrach, Italy could face an additional cost of almost 1 billion euro (£839m) per year for energy, because of the interruption of Algerian gas supplies.
read more... 25/01/2013
Gazprom to reduce natural gas prices for Europe in 2013
Gazprom, the leading European supplier of natural gas which supplies nearly a third of its gas, has come under increasing pressure from the supplier opponent, as well as Statoil, so that Russia would change the price of their policies in order to reflect the requirements of the buyer for cheaper gas.
read more... 19/12/2012
Daily: UK wholesale gas prices drop on warmer weather, healthy supplies
Brent and U.S. crude futures increased on Monday, backed by supply concerns amid escalating violence in the Middle East and optimism that U.S. officials will reach a deal to avoid the budget crisis.
read more... 20/11/2012