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Daily: Crude oil settles higher on upbeat U.S. budget deal outlook
Crude oil futures increased on Wednesday as Congress was on the way to close an 11th-hour deal to increase the government’s debt ceiling and avoid nonpayment.
read more... 17/10/2013
The solution to Europe’s high energy prices could be Russia or fracking
Chief executive of Italy’s Eni, Paolo Scaroni said at the Council on Foreign Relations in New York that Europe is facing dramatic energy costs and that there are two directions which could be a solution for Europe: fracking or increasing Russian imports.
read more... 16/10/2013
The Royal Dutch Shell group is passing through a difficult period
ROYAL Dutch Shell chief executive Peter Voser, has declared yesterday that it will take longer than expected for Europe to obtain benefits from its shale gas projects. He explicated that Shell’s shale gas projects are not as successful as formerly though.
read more... 16/10/2013
Daily: Brent drops below $111 on Iran’s nuclear proposals at Geneva
Brent crude decreased below $111 per barrel on Tuesday after Iran’s proposal over its nuclear programme at talks in Geneva, while the possibility of a U.S. debt deal in Washington added some support. Brent dropped 54 cents at $110.50 a barrel at 09:56 GMT, after settling down in the two previous sessions, while U.S. oil was down 58 cents at $101.83 a barrel, after closing 39 cents higher.
read more... 16/10/2013
Czech Republic: Nuclear power seems to be “crucial” in its new energy strategy
While many European countries decided to give up nuclear power, the Czech Republic wants to increase the share of nuclear power in its energy mix.
read more... 16/10/2013