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Statoil delayed its planned output increase by 2012.

Norway's Statoil decreased its 2010 oil and gas production target on Wednesday, after heavy maintenance work in the third quarter that affected its earnings and casted doubt on its plans to increase the output to 14% by 2012.

read more... 04/11/2010

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Gas Natural nine months earnings are the same as expected.

Spanish gas and power group, Gas Natural, reported nine months results on Wednesday, as better activity of its Union Fenosa company.

read more... 04/11/2010

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Carbon tax – part of broader plan to cap power price hikes.

The Czech government proposed a 32% tax on carbon credits on Tuesday that power producers are set to receive in 2011 and 2012, in order to limit price hikes resulting from a solar energy boom.

read more... 04/11/2010

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Daily Market Update, Wednesday, November 03, 2010

Oil increased to a six-month high above $84 per barrel on Wednesday, after U.S. fuel inventories dropped. At 10:00 GMT, U.S. crude for December increased at $84.47per barrel, while ICE Brent climbed to $85.96 per barrel.

read more... 04/11/2010

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Gazprom increases daily gas production by 22%.

Oil production in Russia, hit a new record. Russia's oil production increased to 10.26 million barrels per day in October, beating the high of 10.16 million barrels per day in September.

read more... 03/11/2010

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