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Daily: British spot gas prices decline on higher imports from Norway, oversupplied system
Crude oil prices touched multi-months lows on Wednesday after an increase in gasoline inventories in the United States as the summer driving season approaches to the end. WTI crude futures slipped 59 cents, or 1.3 percent, to settle at $45.15 a barrel, hitting a bottom last recorded in March of $44.83. Futures of Brent lost 40 cents to close at $49.59 a barrel, after slipping to a January low of $49.02.
read more... 06/08/2015
GRTgaz is assured of single French gas hub completion in 2018
French transmission system operator (TSO) GRTgaz is convinced it will succeed to meet a deadline of late 2018 for the launch of a single French gas market and the EU financing is not a necessary condition to make the project move forward.
read more... 05/08/2015
North Sea oil production rebounds for the first time in 15 years
Oil and gas production from the British North Sea is likely to recover for the first time in 15 years, despite plummeting oil prices and a persistent supply glut.
read more... 04/08/2015
Egypt expected to purchase 7.79m tonnes of LNG this fiscal year
Egypt’s planning ministry unveiled it envisages importing 28.6 million tonnes of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16.
read more... 04/08/2015
Moscow and Ankara agree on 10.25% gas discount for Turkey
Russian Energy Minister Alexander Novak has unveiled that Russian state-run company Gazprom and Turkish state-owned pipeline firm BOTAS have agreed on a 10.25 percent discount concerning natural gas prices, adding that it still in negotiations with Ankara on TurkStream pipeline.
read more... 03/08/2015