Crude oil prices hiked to fresh nine-month highs on Friday on continuous worries that a rebellion in Iraq could cut oil exports from the second-biggest OPEC producer.
read more... 16/06/2014
China is set to enjoy a “Golden Age” of natural gas since its demand for natural gas is expected to nearly double within five years, according to a report released by the International Energy Agency.
read more... 12/06/2014
Germany's E.ON desires to obtain for its 47.2 percent stake in gas utility Latvijas Gaze about 220 million euros ($300 million), which is considered too much, according to the country's prime minister on Wednesday.
read more... 12/06/2014
Brent crude oil futures increased toward $110 a barrel on Wednesday as tensions in Iraq intensified concerns about the supply perspective, while WTI crude registered a slight boost since a weekly government report indicated a decline in crude oil and gasoline inventories.
read more... 12/06/2014
Russia's Gazprom has postponed a deadline for Ukraine to begin paying in advance for natural gas supplies to next Monday, since EU-brokered negotiations persist over the price, as stated by the gas firm's chief executive, Alexei Miller.
read more... 11/06/2014