Latest news
Gazprom stands firm to $2 billion figure for Ukraine’s gas outstanding debt
The Russia’s natural gas conglomerate Gazprom stands firm to its position that Ukraine has to pay its outstanding debt of about $2 billion before Moscow will take up talks over new gas-supply terms.
read more... 25/06/2014
Daily: European power prices slip on colder weather, weak demand and stronger wind output
Brent crude has retreated above $114 a barrel on Tuesday, spurred by continuing violence in Iraq, supply disruptions in Libya and expectations of a slump in U.S. crude stockpiles.
read more... 25/06/2014
Daily: Brent crude posts the largest one-day decline in seven weeks as Iraq supply worries ease
Brent crude posted its sharpest one-day decline in seven weeks on Monday as worries about disruptions to Iraqi crude supplies begun to ease given that exports have so far been unaffected by a Sunni Islamist rebellion. Iraq carries 90 percent of its crude exports from southern terminals, which are far away from the Sunni insurgency.
read more... 24/06/2014
Daily: WTI crude oil rallies at the nine-month high on short-covering
U.S. crude oil rallied above $107 a barrel on Friday, hitting a new nine-month high on short-covering ahead of the July contract expiry, while Brent retreated on profit-taking as worries attenuated over supply disruptions in Iraq.
read more... 23/06/2014
Daily: European coal prices plunge to new multi-year lows on oversupply
Brent crude rocketed to a nine-month high over $115 a barrel on Thursday as the United States said it would send up to 300 military advisers to Iraq, increasing worries about an intensification of conflict. Brent boosted 80 cents to hit $115.06 a barrel, the highest level since September 6. The U.S. crude oil futures contract for July delivery, which expires on Friday, increased 46 cents to close at $106.43.
read more... 20/06/2014