Latest news
Hungary’s MOL monitors more retail purchases after Eni transaction
Hungarian oil and gas conglomerate MOL intends to make more acquisitions in order to increase its retail market share in central Europe, where an economic recovery is ongoing and motor fuel sales are expanding, as stated by MOL's downstream manager.
read more... 21/05/2014
Iran eager to supply big volumes of gas to Europe
Iran, holder of the second-largest natural gas reserves in the world, unveiled its willingness to supply natural gas to Europe, amid worries that Russia could retaliate against EU sanctions, causing a fuel disruption in Europe.
read more... 06/05/2014
German utilities might get 2.2 billion euros tax reimbursements
The German government might refund country’s utilities in nuclear fuel taxes estimated at over 2.2 billion euro ($3.06 billion), according to the preliminary decision of the Hamburg court.
read more... 15/04/2014
EU new regulations on energy backing phase out subventions for renewable
New EU rules have been published on Wednesday making harder funding renewable energy. The latest regulations are intended to substitute subventions with market-based systems, only when the Ukraine crisis has intensified the necessity for other options to imported fossil fuel.
read more... 10/04/2014
Daily: Crude oil plummets on Chinese economy downturn, increase in U.S. crude inventories
Crude oil prices ended lower on Tuesday, dragged down by signs of a downturn in Chinese economy and an increase in U.S. crude inventories for the second consecutive week. However, Brent crude losses were capped by endless production outage in Libya and South Soudan, whereas U.S. light crude was pulled down by plummeting gasoline future prices amid weaker demand for the fuel.
read more... 26/02/2014