The European Commission (EC) has allotted €29.9 million for the construction of a new 140 kilometer-long power line between Dobrudja and Burgas in Bulgaria, a mentioned in a declaration from the EC on Wednesday.
read more... 11/08/2016
Crude oil declined about 2 percent on Wednesday after the second-largest weekly draw in U.S. gasoline this summer was offset by an unseasonal increase in crude inventories. Brent crude futures fell 93 cents, or 2 percent, to settle at $44.05. U.S. West Texas Intermediate (WTI) crude futures eased $1.06, or 2.5 percent, to end at $41.71 per barrel.
read more... 11/08/2016
The UK is likely to be the second on offshore oil and gas projects by 2025, according to a report by GlobalData, which declared that a total of 29 new developments are projected to begin operating by the same period.
read more... 09/08/2016
Crude oil prices climbed over 3 percent on Monday amid fresh speculation that OPEC would try to cut output, reducing supply glut worries that had pushed the market into three-month lows last week. U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.22, or 2.9 percent, to settle at $43.02 per barrel. WTI reached April lows below $40 a barrel last week. Brent crude increased $1.12, or 2.5 percent, to close at $45.39.
read more... 09/08/2016
Polish state-run oil and gas conglomerate PGNiG declared on August 4 it had started supplying to ERU Trading, the biggest privately-owned energy trader in Ukraine and a unit of Energy Resources of Ukraine. Deliveries will go to provide natural gas to Ukrainian industrial users.
read more... 08/08/2016