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Gazprom reports strong earnings due to sales to Europe
Russian energy giant Gazprom reported a 50% profit increase year-on-year to 675.9 billion rubles ($10.5 bln), mainly driven by gas sales to Europe.
read more... 02/09/2015
China is approaching the smart power grid
China is envisaging investing at least CNY2 trillion ($313bn) to upgrade its power grid infrastructure over the 2015-2020 period, a report by a government newspaper said on Monday.
read more... 02/09/2015
Daily: Crude oil plunges 8 % on weak Chinese manufacturing data
Crude oil prices plunged on Tuesday, down 8 percent, as weak Chinese manufacturing data sent prices tumbling lower. Brent crude for October delivery dived $4.59, or 8.48 percent, to settle at $49.56 a barrel, then slipped below $49 in post-settlement trade as U.S. equities shaved the day's losses to more than 3 percent. WTI crude shed $3.79, or 7.7 percent, to close at $45.41 following an 8.8 percent gain on Monday. U.S. crude dropped as low as $44.15 after the API report.
read more... 02/09/2015
Daily: Oil prices decrease by 3% since investors retreat from overnight gains
Oil prices dropped by around 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S. crude increased more than 8 percent in the previous session.
read more... 01/09/2015
Russia: Gazprom will ink MOU on gas supplies to China
Russia's Gazprom will ink a memorandum of understanding (MOU) with CNPC on conveying gas to China during President Vladimir Putin's visit to Beijing this week, according to a Kremlin supporter on Monday.
read more... 01/09/2015