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Daily: Oil prices register the best quarter since mid 2015, up over 10%
Crude oil prices boosted over 10% in March, the best quarter since mid-2015. Some analysts said that the hike could vanish soon as an output freeze plan by major crude exporters will fail to ease worries of an oversupply. A weak dollar and figures showing a drawdown in crude inventories at the U.S. futures delivery hub helped oil settle steady to firmer in Thursday's session. Brent crude for May delivery, which expired as the front-month contract, rose 34 cents, or 0.8 percent, to close at $39.60 a barrel. Brent crude for June delivery boosted 0.7 percent to settle at $40.33. U.S. crude futures WTI settled at $38.34, up 2 cents on the day, increasing 14 percent in March and 4 percent in the quarter, its largest quarterly gain since June 2015.
read more... 01/04/2016
Gazprom will purchase all LNG from Cameroon export plant
Russian natural gas exporter Gazprom has decided to acquire all of the liquefied natural gas (LNG) from an export plant in Cameroon scheduled to start operating in 2017, as stated by sources familiar with the matter.
read more... 27/11/2015
Gazprom choses Linde as associate for LPG exports terminal
Russian natural gas exporter Gazprom has chosen Germany's Linde as a partner to construct a liquefied petroleum gas (LPG) export terminal in the Russian Far East, as stated by a Linde representative.
read more... 26/10/2015
Georgia's hydropower plant project obtains $673 million funding
Plans by the ex-Soviet republic of Georgia to build a major hydropower plant aiming to turn into an energy exporter obtained a $673 million financing from the Georgian Co-Investment Fund (GCF), as stated by the fund on Thursday.
read more... 16/10/2015
Cheniere inks agreement to sell 24 LNG cargoes to France's EDF
U.S. liquefied natural gas (LNG) exporter Cheniere Energy made known on Monday about an agreement to vend around 24 cargoes to French energy giant EDF from 2017 through 2018.
read more... 22/09/2015