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Daily: Crude oil rebounds almost 2% on optimistic U.S. economic data
Oil prices rebounded almost 2 percent on Wednesday as optimistic U.S. economic data spurred crude futures from two days of declines, although a gasoline oversupply and concerns about implications of Brexit suggested more pressure ahead. Brent crude rose by 84 cents, or 1.8 percent, to settle at $48.80 a barrel. U.S. crude futures increased 83 cents, or 1.8 percent, to close at $47.43.
read more... 07/07/2016
Russian gas conglomerate Gazprom to increase its output by 8% in 2016
Russia’s gas conglomerate Gazprom will increase its output this year by 8.1% to 452.45 billion cubic meters, said Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee.
read more... 05/07/2016
Daily: European forward power prices increase on firmer fuel markets
Crude oil prices lost ground on Monday, after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading toward balance were mitigated by weakening demand in Asia, gasoline oversupply and expectations that crude output could rise. Brent crude futures eased 25 cents to settle at $50.10 per barrel. U.S. crude futures fell 23 cents to close at $48.76 per barrel. The trading for U.S. crude was thin as markets were closed on Monday for the U.S. Independence Day holiday.
read more... 05/07/2016
Northern Ireland to launch its first bio-LNG plant
Greenville Energy Ltd, a renewable energy producer based in Northern Ireland, and French equipment supplier Cryo Pur have joined forces to develop a viable way in which to turn excess biogas into bio-LNG.
read more... 04/07/2016
Gazprom Export inaugurates a gas storage facility in Czech Republic
Gazprom Export, an unit of Russia's natural gas giant Gazprom , inaugurated an underground gas storage facility in the Czech Republic, which started operating on Friday.
read more... 04/07/2016