Ukrainian state energy company Naftogaz has decided to acquire 1.7 billion cubic metres (bcm) of gas from European suppliers at a price of $188-$211 per thousand cubic metres, as stated by the firm on Thursday.
read more... 15/01/2016
Crude oil prices climbed on Thursday, breaking eight-day series of decline, as investors covered short positions, but the market closed not far from 12-year lows on concerns that Iran may inject barrels in an already oversupplied global market. Brent crude rose 72 cents, or 2.4 percent, to close at $31.03 a barrel. Earlier in the session, it jumped to $31.23 after declining to $29.73, its lowest level since February 2004. Over the past eight sessions, Brent had decreased by about $7 a barrel, almost 20 percent. U.S. crude's West Texas Intermediate (WTI) also increased 72 cents, or 2.4 percent, to settle at $31.20. It attained a 12-year low of $29.93 earlier this week.
read more... 15/01/2016
UK oil giant BP is planning to slash 4,000 jobs internationally due to declining profits as a result of oil price collapse.
read more... 14/01/2016
Lithuania has put plans to acquire liquefied natural gas from the United States on hold since the LNG is not yet appropriate for the Baltic state's gas system, as declared by its state energy firm on Wednesday.
read more... 14/01/2016
Trianel Erneuerbare Energien has bought the 10MW Pritzen solar park in Brandenburg in Germany.
read more... 14/01/2016