Latest news
Italy’s electricity demand increased by 0.7% in February
Italy's electricity demand increased by 0.7 percent in February to 25.2 billion kilowatt hours from a year ago, after four months of declines, as stated by grid operator Terna on Friday.
read more... 09/03/2015
BP and associates will invest $12 billion in Egypt gas transaction
British oil firm BP hopes to invest approximately $12 billion with its associates as part of a concluded West Nile Delta concession agreement to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates.
read more... 09/03/2015
Gazprom obtains further $15 million prepayment for gas from Ukraine
Russian gas export monopoly Gazprom declared on Friday it had obtained further $15 million prepayment from Ukraine for gas supplies, as stated by Gazprom's representative. This shows that Ukraine has prepaid for gas until mid-month.
read more... 09/03/2015
Daily: Crude oil posts the sharpest weekly decline since January on resurgent dollar, rate hike concerns
Crude oil prices settled down on Friday, with Brent posting the largest loss in a week since January, as a recovering dollar and concerns about an U.S. rate increase draw away attention from the declining number of rigs drilling for oil in the United States. Benchmark Brent oil decreased by 75 cents, or 1.2 percent, to settle at $59.73 a barrel. It registered 4 percent slide on the week, its largest decline since the week ended January 9. U.S. crude dropped $1.15, or 2.3 percent, to close at $49.61 a barrel. It posted a slight loss on the week, for a third consecutive week of declines.
read more... 09/03/2015
German utility EWE thinks about sale of stake in gas company VNG
EWE AG, Germany's fifth-biggest utility by sales, is in negotiations to vend its stake in gas company VNG AG, a transaction that could bring 1.3 billion euros ($1.45 billion), as stated by two sources familiar with the deal.
read more... 06/03/2015