Latest news
Gazprom and CNPC to collaborate on gas-fired generation in China
Russian gas giant Gazprom and Chinese state-owned oil company CNPC will work on a new partnership to build underground gas storage (UGS) and gas-fired power generation facilities in three Chinese locations.
read more... 29/06/2016
Daily: Crude oil rockets at six-month highs on supply disruptions, Goldman forecast
Crude oil prices attained six-month highs on Monday on concerns about global supply disruptions and after Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit, although an inventory increase at the U.S. storage hub for crude futures curbed gains. Brent crude futures rose $1.14, or 2.4 percent, to settle at $48.97 per barrel. It hiked to $49.47 earlier, its highest level since early November, in a trade towards $50. U.S. crude's West Texas Intermediate (WTI) futures boosted $1.51, or 3.3 percent, to close at $47.72 after reaching a six-month high at $47.85.
read more... 17/05/2016
Latvia government envisages takeover of gas pipelines and underground storage
Latvia should take over its main gas pipelines and underground storage, 34 percent possessed by Russia's Gazprom, next year to guarantee a steady transition from a regulated to liberalised gas market, as stated by the economy minister.
read more... 25/04/2016
Daily: European spot power prices up on tighter supply, while forward down tracking coal, carbon
Crude oil prices closed down on Thursday after figures showed robust weekly stockpiles at the U.S. crude storage hub despite a pipeline outage, but prices pared losses on short covering, indicating more volatility ahead. Brent futures eased 41 cents, or about 1 percent, to settle at $39.43 a barrel, backtracking losses from the session low that saw Brent down more than $1, or nearly 3 percent. WTI crude futures ended down 49 cents at $37.26, after plunging as low as $36.69.
read more... 08/04/2016
UK: Avonmouth LNG storage site will halt operations
A Liquefied Natural Gas (LNG) storage facility close to Briston will permanently halt operations in the next two months.
read more... 02/03/2016