Crude oil prices slumped by as much as $2 on Tuesday, posting their sharpest plunge this year as increasing Libyan supplies and pessimistic economic data intensified worries that the global market was leading to a near-term oversupply. Brent futures dropped 96 cents to close at $106.02 a barrel, rebounding from a low of $104.39 a barrel earlier in the session, the lowest level since April 2. U.S. crude futures dipped 95 cents to close at $99.96 a barrel.
read more... 16/07/2014
Gazprom’s natural gas prices under long-term contracts with European countries are expected to be curbed by 17% to $320 per 1,000 cubic meters by 2017 thanks to gas supply diversification, including shale gas production, according to the declarations made by a representative of Russia’s Economic Development Ministry.
read more... 15/07/2014
Crude oil prices posted a moderate gain on Monday on signs of healthy supplies as tensions in Libya and Iraq tempered. Brent crude rose 32 cents to close at $106.98 a barrel, while U.S. crude futures boosted 8 cents to settle at $100.91 a barrel. The spread between the two benchmarks settled at $6.07.
read more... 15/07/2014
Croatia has all the chances to become a regional energy hub, ensuring energy supplies in the area by diversifying supply options for the European countries and permitting them to reduce their grip on Russian gas, reiterated U.S. Assistant Secretary of State Victoria Nuland.
read more... 14/07/2014
Brent crude oil reached a three-month low on Friday, prolonging losses for the third consecutive week as concerns about supply interruptions in the Middle East and North Africa continued to attenuate. The decline also weighed on U.S. crude futures, which dipped to a two-month low under $101.
read more... 14/07/2014