Latest news
Timchenko’s Stroitransgaz set for 3.5 billion euro South Stream deal
A conglomerate run by Stroitransgaz, managed by Gennady Timchenko, an important businessman touched by U.S. sanctions, won a transaction of about 3.5 billion euro to construct a segment of the South Stream natural gas pipeline traversing Bulgaria, as stated by industry sources on Friday.
read more... 24/03/2014
UK: break-up threat for six energy companies
Six major energy firms in Britain are likely to face the threat of split-up this week. The companies are expected to be consigned by their energy regulator Ofgem to the new Competition and Markets Authority (CMA), as published in the Sunday Times.
read more... 24/03/2014
Daily: Crude oil futures trade higher on new round of sanctions over Russia
Crude oil futures traded higher on Friday on new round of sanctions from U.S. and Europe on Moscow prolonged fears of a supply disruption from Russia, the world's second largest oil producer.
read more... 24/03/2014
Croatia to aid EU diversify energy supply options
Croatia is on the way to turn into a regional hub for energy production and transport, helping other EU members to diversify supply, according to the declaration made on Thursday by Alen Leveric, the deputy economy minister. EU leaders consider this move very important since they want to reduce reliance on Russian gas.
read more... 21/03/2014
Daily: Brent crude oil prices increase on sanctions against Russia, healthier equities
BBrent crude oil futures boosted on Thursday on tighter sanctions against Russia which added a new risk premium and because of healthier equities which encouraged prices. Meanwhile, U.S. dropped ahead of the April contract's expiry.
read more... 21/03/2014