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Daily: Brent crude dips as supply glut offsets Mideast turmoil
Brent crude oil dropped on Tuesday as plentiful global supplies offset tensions in the Middle East, while U.S. crude oil rebounded after four sessions of losses. Brent crude for November delivery slipped 12 cents to close at $96.85 a barrel after increasing as high as $97.59 a barrel in early trading. WTI crude jumped 69 cents to settle at $91.56 a barrel, recovering from a session low of $90.58, which was its weakest level since September 11. Its premium to Brent narrowed to around $5.25 a barrel.
read more... 24/09/2014
Gazprom envisages condensate exports from Kirinskoye fields
Russia's leading gas producer Gazprom is envisaging gas condensate exports from its Sakhalin offshore group of Kirinskoye oil, gas and condensate fields, as stated on Wednesday by Viktor Timoshilov, an official at the state-owned company.
read more... 24/09/2014
France: contribution of $1 billion to climate fund for poor, declares Hollande
French President Francois Hollande made known on Tuesday that France will offer $1 billion to a practically empty global fund to aid poor nations get used to the consequences of climate change as he spoke to the United Nation's summit on climate change.
read more... 24/09/2014
Daily: European prompt power prices decline on considerable drop in wind power capacity
Crude oil futures dropped on Monday as plentiful supply and declining economic growth in Europe and China eclipsed expectations of a reduction in oil production from the Organization of the Petroleum Exporting Countries (OPEC). Brent crude for November delivery eased $1.42 to close at $96.97 a barrel, having slipped $2.01 intraday to $96.38. The WTI October crude contract slipped 89 cents to settle at $91.52 a barrel and, down for a fourth consecutive session, while U.S. November crude closed at $90.87, down 78 cents.
read more... 23/09/2014
Asian companies to substitute Western energy majors if they quit
Asian firms will substitute Western majors if they leave energy projects in Russia because of sanctions over Moscow's role in Ukraine, as stated by Natural Resources Minister Sergei Donskoi.
read more... 23/09/2014