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Germany’s reliance on Russian gas puts Europe at risk
The German Chancellor, Angela Merkel, should try to reduce German and European reliance on Russian gas in order to avoid possible aggressive steps made by Russia in the near future, as stated by Donald Tusk, Poland’s prime minister.
read more... 11/03/2014
Exxon plans to launch production at 10 new projects
ExxonMobil Corp., the super giant oil company, has the intention to reduce expenditures and to begin production simultaneously at 10 significant projects this year, adding to its portfolio a net capacity of 300,000 barrels of oil equivalent per day.
read more... 11/03/2014
Rosneft defies Gazprom monopoly to get right to export Russian gas via pipeline
The major oil producer in Russia, Rosneft, plans to break domination of another energy important company, Gazprom, to export gas through pipelines, leading to an explosion between the major clans, according to some sources on Friday.
read more... 10/03/2014
Daily: French, German spot power prices mixed on Friday
Crude oil prices jumped on Friday after the aggravation of diplomatic relations between Ukraine and main oil producer Russia which stoked supply fears. Global benchmark Brent crude oil rose 90 cents to settle at $109.00 a barrel. Meanwhile, U.S. crude boosted by $1.02 to close at $102.58, encouraged by U.S. job growth at a quicker pace than anticipated on optimistic signs for oil demand.
read more... 10/03/2014
Daily: Crude oil prices increase on reconsidered geopolitical risk in Ukraine
U.S. oil traded higher on Thursday after declining to near three-week lows after declarations made by the U.S. President Barack Obama that the geopolitical tensions between Ukraine and Russia are likely to worsen.
read more... 07/03/2014