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Latvia will separate its natural gas utility in early 2017
Latvia will divide its natural gas utility Latvijas Gaze in two in early 2017, after which the government might purchase the gas transportation and storage business, as stated by the economy minister on Tuesday.
read more... 04/03/2015
Daily: Crude oil prices recover on Israeli Prime Minister warning about a bad nuclear deal
Crude oil prices recovered on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned that the Obama administration was negotiated a bad nuclear deal with Tehran, which would almost guarantee nuclear weapons, while Libyan forces targeted oil terminals in the African nation. Brent crude front-month contract rose by $1.48, or 2.5 percent, to settle at $61.02 a barrel. It slipped nearly 5 percent on Monday, its biggest loss in a month. WTI crude increased by 88 cents at $50.47 a barrel, after it has lost ground earlier.
read more... 04/03/2015
Nineteen EU nations distribute 500 million free 2015 CO2 permits
Nineteen countries, counting Germany, Britain and France, have thus far distributed a total of approximately 500 million free European Union carbon permits to industry to cover their 2015 emissions, as indicated by European Commission data on Tuesday.
read more... 04/03/2015
Russian magnate confronted Britain over North Sea agreement
Russian tycoon Mikhail Fridman declared on Monday he would purchase a number of gas licenses in the North Sea in spite of British resistance, threatening lawsuit if London should oblige him to vend them on to a third party.
read more... 03/03/2015
Daily: Crude oil prices decline on speculations of Tehran nuclear deal
Brent crude futures declinde 5 percent on Monday on speculations of a sooner-than-expected nuclear deal for Tehran that could remove sanctions and increase its oil exports, intensifying concerns of robust supply back to the market. Boosting Libyan crude output and a stronger dollar also weighed on Brent. U.S. crude futures also dropped but only slightly, spurred by data suggesting a smaller-than-expected increase last week in the Cushing, Oklahoma delivery point for oil. Brent's front-month fell $3.04 to settle at $59.54. WTI crude decreased 17 cents to close at $49.59 a barrel.
read more... 03/03/2015