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Daily: British wholesale natural gas hovers near three-year lows on low demand
Brent crude dropped towards $108 a barrel on Thursday, close to its lowest level in more than two weeks, as flat data in China, a possible oil increase in Libya's oil supply and record-high in U.S. stockpiles impacted prices. Brent crude for June delivery slipped 3 cents to $108.04 a barrel by 03:24 GMT, after a 0.8 percent decline in the previous session to end at its lowest settlement since April 11. Meanwhile, U.S. crude for June delivery declined 7 cents to $99.67 a barrel, after having decreased 1.5 percent on Wednesday to settle at its lowest level since April 2.
read more... 02/05/2014
Ukraine: Gazprom threatened to be sued over high gas prices
Ukraine is threatening to take the Russian gas giant to court, accusing it of having inflated the price it charges Kiev for gas.
read more... 30/04/2014
Romanian PM: No shale gas production in the next 5 years
Despite the fact that Romanian shale gas sector is its early stages, with the American oil giant Chevron having started the exploration of shale gas, Romanian Prime Minster Victor Ponta declared on Thursday that Romania will not exploit shale gas at least in the next five years.
read more... 30/04/2014
Slovakia reaches agreement to convey limited gas volumes to Ukraine
The agreement between Slovakia and Ukraine concerning the opening up of limited capacity for reverse flow of natural gas from central Europe to Ukraine is expected to be signed in Bratislava on Monday, as stated by Tomas Malatinsky, the Slovak Economy Ministry on Saturday.
read more... 28/04/2014
Russia: Rosneft declares that Gazprom holds back its LNG project
The chief executive of Russia's top oil producer Rosneft appealed to the government to intervene and facilitate company’s access to a Gazprom's trunk gas pipeline, essential for the liquefied natural gas project it is setting up with ExxonMobil.
read more... 25/04/2014