Latest news
Azeri SOCAR declares cannot export gas to Russia because of domestic demand
Azeri state energy firm SOCAR does not intend to recommence gas supplies to Russia this year due to increasing domestic demand, as stated by a senior SOCAR representative on Thursday.
read more... 05/06/2015
Daily: Crude oil prices gain ground amid concerns over Middle East turmoil
Crude oil prices rebounded on Monday as a robust global demand compensated a strong dollar, although a holiday in the United States and much countries of Europe reduced the trading activity. Crude oil was also spurred by signs that U.S. supply is easing and by fresh worries that violence in the Middle East will aggravate. U.S. crude stockpiles have declined for three consecutive weeks after having rallied to record highs last month.
read more... 26/05/2015
Daily: European prompt electricity prices as supply increases, German demand stable
Oil prices increased on Thursday, sustained by a drawdown in U.S. crude inventories even though weak China data and worries about excess oil supply limited price gains.
read more... 21/05/2015
Daily: European spot power prices firm on rebounding French, German demand
Crude oil decreased on Monday as a stronger dollar and worries of increasing oversupply weighted on the market after Saudi Arabia announced its highest crude exports since November 2015. Brent crude lost 54 cents to settle at $66.27, after hitting a high of $67.88. U.S. crude futures dropped 26 cents to close at $59.43 a barrel.
read more... 19/05/2015
Saudi Arabia’s crude oil output surges at record high in April
Saudi Arabia, the biggest oil exporter in the world, increased its crude oil production in April to a record high to cover demand from Asian buyers and to meet the needs of domestic power stations and refineries.
read more... 13/05/2015