Ukraine will pay less for Russian gas in the first quarter compared with the last quarter because of a drop in the price of oil, as stated on Tuesday by Sergei Kupriyanov, representative for state-owned gas producer Gazprom.
read more... 04/02/2015
Crude oil prices settled higher again on Tuesday as a depreciating dollar pushed up most commodities, bringing crude’s four-day increase to about 19 percent, its largest since January 2009. Benchmark Brent crude oil increased $3.16, or nearly 6 percent, to close at $57.91 a barrel. It jumped as high as $59 for the first time since end of December. WTI crude boosted $3.48, or 7 percent, to settle at $53.05, after a session peak at $54.24.
read more... 04/02/2015
Russia's state-controlled Gazprom declared on Tuesday it would cut its capital expenditure this year by approximately $8 billion to $30 billion since political and market expansion formed a tough business environment.
read more... 03/02/2015
Poland's renewable energy installed capacity increased to 6,029 megawatts (MW) in 2014 from 5,511 MW a year earlier, due to more wind and solar plants, as indicated by data from energy market regulator URE on Monday.
read more... 03/02/2015
Total has postponed by several months its plans to drill Denmark's first test wells for shale gas, as stated by the French oil major on Monday.
read more... 03/02/2015