Crude oil prices settled slightly changed on Thursday as the number of drilling rigs boosted by 12 times this week, the first increase since December. The count rise pared previous gains. Brent crude increased by 6 cents to close at $62.07 a barrel, after oscillating from $61.90 to $63.20. Prices turned lower in post-settlement trading. WTI crude plunged 3 cents to settle at $56.93, fluctuating from $56.65 to $57.95. It fell 4 percent in the previous session, the highest decline since April, after unexpected stockpiles build last week.
read more... 03/07/2015
Russian state gas firm Gazprom and Dutch gas grid operator Gasunie have inked an accord to collaborate on the small-scale liquefied natural gas (LNG) market in Europe, as stated by Gazprom on Thursday.
read more... 03/07/2015
U.S. crude prices declined 4 percent on Wednesday, recording their largest daily decrease since April after oil inventories in the United States rebounded for the first time in more than two months. WTI crude fell $2.51, or 4.2 percent, to close at $56.96 a barrel. It is biggest decline since April 8. Brent crude shed $1.58, or 2.5 percent, to settle at $62.01.
read more... 02/07/2015
The debate about a legislative package regulating the controversial fracking technology was postponed due to concern from within the parties of Conservatives (CDU/CSU) and Social Democrats (SPD), in particular against the involvement of an expert commission. The Lower House of Parliament (Bundestag) was supposed to debate this Friday, the last day before the traditional summer break.
read more... 02/07/2015
Czech utility EPH has finalized the acquisition of E.ON's coal- and gas-fired power plants in Italy after consenting to the transaction in January, as stated by EPH on Wednesday.
read more... 02/07/2015