Latest news

Spain’s Repsol to create a joint venture with Russia’s Alliance Oil Company

The Spanish energy company, Repsol signed a Memorandum of Understanding to enter in a joint venture with the Moscow-based Alliance Oil Company Ltd to jointly seek for growth opportunities in exploration and production in the Russian Federation.

read more... 20/06/2011


Daily energy Overview, Monday, June 13, 2011

U.S. and Brent crude oil futures traded down on Friday extending losses for a second consecutive week as Saudi Arabia reported a stronger oil supply to Asian buyers and a higher production in July.

read more... 13/06/2011


Daily energy Overview, Friday, June 10, 2011

Brent crude oil futures increased on Thursday, having hit a five-week high as OPEC’s failure to increase oil production spurred more worries on supplies. ICE Brent crude oil for July delivery valued 119.57 dollars, up 1.72 dollars, having hit the utmost level since May 4.

read more... 10/06/2011


OPEC holds production quotas unchanged

OPEC surprisingly decided at yesterday’s meeting to keep production levels unchanged, causing a rally of oil prices, with a meeting ending in disarray, as senior officials declared.

read more... 09/06/2011


UK is considering incentives for gas production

UK is planning to encourage offshore gas exploration and production by introducing incentives following taxes increase on North Sea energy companies, imposed by the British Chancellor George Osborne.

read more... 08/06/2011