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Energy- hungry China to invest $13.07 billion in oil and gas exploration in 2013
China is expected to invest 80 billion yuan ($13.07 billion) in oil and gas exploration until the end of 2013, as it pledges to increase energy supplies and to curb its dependence on energy imports, according to the Ministry of Land and Resources.
read more... 17/09/2013
Daily: Crude oil prices drop on Middle East conflict settlement
Global oil prices declined on Monday as U.S. and Russian officials stroke a weekend deal to take out Syria of chemical weapons, increasing investors’ confidence.
read more... 17/09/2013
EIA: Caspian Sea could become Europe's preferred alternative for gas
The Caspian Sea region, which includes Russia, Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, and Iran, is one of the oldest oil producers. However, despite being a traditional oil producer, the Caspian area's importance as a natural gas producer is increasing rapidly.
read more... 17/09/2013
Daily: German forward power at 39.60 euros, below a five-month high
Brent crude oil inched up on Friday, reversing losses of over $1 before the settlement following uncertainty over negotiations between the United States and Russia over Syria’s chemical weapons which put investors on the edge.
read more... 16/09/2013
Daily: German power prices strike a new five-month high on firmer fuel
Brent crude futures traded steady over $111 a barrel on Thursday as players waited to see if diplomatic efforts to eliminate Syria's chemical weapons avoid the threat of U.S. military action that could lead to disruption of oil supplies.
read more... 13/09/2013