Latest news
Ukraine suspends Poland gas imports after pipeline incident
Ukraine has halted gas imports from Poland after a minor incident on a pipeline in western Ukraine, as stated by operator Ukrtransgas on Friday.
read more... 12/09/2016
Daily: Crude oil losses ground on stronger dollar, ignoring U.S. stocks draw
Crude oil prices lost 4 percent on Friday, paring most of the previous session’s gains as the dollar rose and the U.S. crude inventories draw was seen as a glitch. Brent crude fell $1.98 to close at $48.01 a barrel after an increase of above $50 for the first time in two weeks on Thursday. WTI crude declined down $1.74 to settle at $45.88. However, for the week, Brent contract rose by 2.5 percent and WTI by 3.24 percent.
read more... 12/09/2016
Italy: Eni extends in Singapore to seize Asia oil and gas demand
Italy's Eni intends to enlarge its trading office in Singapore since it vends more of its increasing oil and liquefied natural gas production to Asia to satisfy the region's intensifying import necessities, as stated by company officials this week.
read more... 09/09/2016
Denmark: State-owned fund IFU will provide €15m loan for blade manufacturing plant in Turkey
Denmark’s state-owned fund IFU has decided to offer a €15 million loan to back the construction of LM Wind’s new blade manufacturing plant in Turkey.
read more... 09/09/2016
Daily: Crude oil futures at highest level in two weeks aftermath a massive fall in U.S. stocks
Crude oil futures posted their highest level in at least two weeks on Thursday, after the U.S. EIA revealed the largest withdrawal in crude supplies since 1999. Oil prices also were lifted from Chinese data that indicated another big increase in the country’s crude imports. Brent crude for November delivery rose $2.01, or 4.2%, to settle at $49.99 a barrel on London’s ICE Futures exchange. West Texas Intermediate crude for October delivery gained $2.12, or 4.7%, to close at $47.62 a barrel on the New York Mercantile Exchange. The settlement for WTI was the highest since August 26 and highest for Brent since August 19.
read more... 09/09/2016