Latest news
Oil swings near $68 on high stocks worries
Oil swings near $68, after registering a seven-month low on Wednesday, the third decrease this week, as consequence of increasing U.S. crude stocks, influenced by stricter financial regulation in the U.S. and implications of Europe debt crisis on most commodities.
read more... 19/05/2010
Enel searches new opportunities in Egypt
Egypt's Ministry of Petroleum and Enel, Italy's biggest oil and gas utility, agreed on Tuesday on a deal regarding Enel’s oil and gas exploration in Egypt, in order to expand and to increase its resource supplies.
read more... 19/05/2010
The cost of the South Stream project might be less than $25.41 billion
Sergei Kupriyanov, Gazprom's spokesman, announced on Friday that the Gazprom’s South Stream gas pipeline project is under construction and the cost will be less than 20 billion Euros ($25.41 billion).
read more... 17/05/2010
Oil drops below $70 per barrel
Oil hit its lowest three months’ level below $70 per barrel on Monday, registering a loss of about 17% during last two weeks, due to Europe's debt crisis, the weak euro and increasing U.S. oil stocks.
read more... 17/05/2010
Gazprom: exports to European states up
Russia Federation had massively exported gas to several European countries, through its giant gas company Gazprom, to appease the fears about losing market share to its existing rivals.
read more... 12/05/2010