Latest news
Daily: Brent crude prices rocket 2.5 pct on Libya output decline
Brent crude futures rocketed 2.5 percent on Monday following Libya’s oil exports reduction, while the U.S. dollar rose, but held close to a nine-month low against a basket of currencies as Fed policy continued to ascertain the greenback's trend.
read more... 29/10/2013
Gazprom could face a 15 billion dollars fine from EU regulators
After a year-long investigation the EU regulators are preparing to charge Russian gas export monopoly Gazprom over suspected infringement of EU competition rules in member states including Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia, risking a fine of up to 15 billion dollars. Currently Gazprom supplies a quarter of Europe's gas consumption needs.
read more... 04/10/2013
Russia to curb oil supplies to Belarus by 40% as the dispute escalates
Russia will cut oil pipeline deliveries to Belarus by 42% in the fourth quarter under an export schedule unveiled on Tuesday. The decision came amid a dispute over the arrest in Minsk of a Russian businessman, the head of the Russian potash company Uralkali.
read more... 18/09/2013
Iran envisaging exporting natural gas to Europe in the near future
Iran is planning to deliver natural gas to Europe in the near future after it inked similar agreements and memoranda of understanding (MoUs) with some Asian countries.
read more... 10/09/2013
Poland to continue its reliance on coal
Historically, Poland has been an important producer and exporter of coal. Poland became the principal coal producer in Europe in the 1970s. Poland consumes more than 75 million tons of coal per year, which makes it the 10th largest coal consumer in the world and the 2nd largest in the EU, after Germany.
read more... 27/08/2013