Latest news
Libyan trade affected by U.S. sanctions
Recent events in Libya have led the United States and other countries to impose sanctions on Libya. Due to these sanctions, a number of U.S. oil trading companies have pulled back from trading crude and refined products in and out of Libya and some large banks have withdrawn their funds.
read more... 10/03/2011
Finland seeks to obtain a stake in the Yamal LNG Project
Finnish oil and gas companies seek to get involved in the Yamal LNG Project, which is why officials of Finnish oil and gas companies met last week in Moscow at the seventh session of the Russian-Finnish Inter-Governmental Commission on Economic Cooperation with the Russian Ministry of Energy.
read more... 02/02/2011
Wholesale energy markets: European Commission proposes rules to prevent market abuse
The European Commission has proposed today rules on wholesale energy markets for preventing market manipulation and insider trading. The Regulation ensures market transparency between companies producing energy and traders, obliging these energy traders to respect market rules.
read more... 14/12/2010
Uganda to satisfy in-house market oil demand.
Uganda is set to build a refinery in order to meet the local oil demand of an estimated 25,000 barrels per day (bpd) and eventually afterwards supply up to 200,000 bpd for export.
read more... 01/12/2010
Poland insure itself against future gas supply disruptions during the coming winter
Russia and Poland have agreed a new gas supply deal, in order to diminish the worries concerning eventual gas cuts to Europe during the coming winter.
read more... 19/10/2010