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OPEC To Look At Fundamentals Before Deciding On Output -Press

Τρι, 13 Νοεμβρίου 2007 - 03:29

The Organization of Petroleum Exporting Countries will take into account oil market fundamentals before taking any decision on output levels when it meets in Abu Dhabi in December, OPEC President Mohamed Al Hamli said Tuesday.

Italy To Present New EU CO2 Plan At End-Nov -Govt Official

Τρι, 13 Νοεμβρίου 2007 - 03:20

Italy will present to the European Commission the new 2008-2012 carbon emissions plan at the end of the month, said Corrado Clini, director general at the country's Environment Ministry, on Tuesday.

Eni CEO: Sees Algeria, Russia As Pillars Of EU Energy Needs

Τρι, 13 Νοεμβρίου 2007 - 03:15

Algeria and Russia will become key energy suppliers to the European Union as it becomes more dependent on natural gas to meet its energy needs, the chief executive of Italian oil major Eni said Tuesday.

IEA Sees Signs High Oil Prices Starting to Hit Demand

Τρι, 13 Νοεμβρίου 2007 - 03:09

There are signs that super high crude oil prices have started to depress oil demand as drivers in the world's industrialized nations start to feel the pain of almost $100 oil, the International Energy Agency said Tuesday in its monthly oil market report.

Greece's Budget to Include New Oil Price Hikes

Τρι, 13 Νοεμβρίου 2007 - 03:03

The Economy Ministry is counting the impact of soaring international oil prices on the local economy, particularly inflation and growth, in order to incorporate them in the budget draft to be tabled in Parliament next week

Credibility of Greece's Reformist Agenda Dented by the Delays in PPC

Τρι, 13 Νοεμβρίου 2007 - 03:00

If the Greek government wanted to send the strongest signal ever about its determination to revitalize the economy through reforms, the first candidate on the list should have been the Public Power Corporation (PPC). It is the state-controlled company with the strongest labor union and biggest assets in the country. However, events in the last two weeks show this does not appear to be the case.

Greece's PPC To Retain 100% Control Of Plants Under RWE Deal

Δευ, 12 Νοεμβρίου 2007 - 07:39

Public Power Corp. SA said over the weekend that it will retain 100% ownership of renewed power plants under a cooperation deal, denying press reports that it will cede management control of a majority stake of new plants to Germany's RWE AG.

Iraq Kurds Award Oil Deals To TNK-BP,Sterling,KNOC Cos-Source

Δευ, 12 Νοεμβρίου 2007 - 07:37

Iraq's Kurdish Regional Government Monday will unveil the award of five new oil deals, with awardees including units of TNK-BP , Sterling Energy PLC and Korea's National Oil Corp., or KNOC, a person familiar with the announcement said.

Russia Energy Min: EU Package May Limit Infrastructure Invest

Δευ, 12 Νοεμβρίου 2007 - 07:32

Russia's energy minister Monday said European Union proposals to curb Russia's energy ambitions would affect future investment in E.U. energy infrastructure projects.

Big 5 Oil Cos' Exploration Spending Fell From 1998-2006 - FT

Δευ, 12 Νοεμβρίου 2007 - 02:56

The world's five biggest publicly traded oil and gas companies have failed to respond to rising oil prices and their spending on exploration for new resources fell in real terms between 1998 and 2006, according to a report by U.S. think tank the James A Baker III Institute for Public Policy, the Financial Times reports Monday.

IEA Official Urges Steps To Cut Speculation As Oil Nears $100

Δευ, 12 Νοεμβρίου 2007 - 02:53

The rampant speculation helping to push up world oil prices should be reined in by controlling energy demand with conservation and boosting supply, an energy official said Monday. William C. Ramsay, deputy executive director of the International Energy Agency, said a growing mass of money available for speculation was fueling the trend as the cost of a barrel of oil approaches $100.