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Daily: Brent crude prices settle higher ahead of Crimea referendum
Brent crude oil boosted over $1 on Friday ahead of the Sunday’s vote organized by pro-Moscow authorities, raising concerns that Crimea will chose to join Russia. U.S. crude oil also increased, but not so significantly, with gains being slashed by a surge in supply and weaker demand in U.S. and China, the biggest and second-biggest oil consumers.
read more... 17/03/2014
RWE: oil and gas division likely to be sold to group managed by Russia’s Fridman
RWE, the indebted German utility, intends to sell its oil and gas output division DEA to a group of investors managed by Mikhail Fridman, the Russian magnate. The arm is estimated at almost 5.1 billion euros (or $7.10 billion), counting the debt.
read more... 17/03/2014
E.ON, ENEL to close more plants because of European power crisis
Two of Europe's major power companies, E.ON and Enel, declared on Wednesday they intend to close more plants and reduce costs, joining competitors in warning that the industry crisis will influence profits in the years to come.
read more... 14/03/2014
Latvia: gas unbundling rescheduled until April 2017
On Thursday, Latvia’s plan to separate Latvijas Gaze business has been delayed by the parliament until April 2017, after the gas utility, owned in proportion of about one third by Russia’s Gazprom, threatened to file a suit.
read more... 14/03/2014
Daily: Brent crude drops on weak economic data from China
Brent crude oil futures declined on Thursday since weak economic figures in China compensated fears over eventual supply interruptions that could be triggered by the conflict between Russia and Western powers over Ukraine. Meantime, U.S. crude futures posted a moderate gain, as bullish retail sales and labor market data increased the optimism about the economy and offset worries over China.
read more... 14/03/2014