English Edition

Crude Prices Holding Up Despite Storm in Emerging Markets

Δευ, 27 Ιανουαρίου 2014 - 19:27

Crude oil prices in Europe and the U.S. were holding near 2014 highs Monday despite the storms battering equity markets and emerging economies. Brent, the European benchmark, slipped but remained in a narrow range below $108 a barrel, while U.S. WTI contract is hovering around $97 a barrel, after a week of strong gains

UK Energy Minister Says Scottish Referendum Could Slow Investment

Δευ, 27 Ιανουαρίου 2014 - 19:26

This year's referendum on Scottish independence could damage investment, Michael Fallon, the U.K. Minister of State for Energy said Monday "My fear is that it will start to pause not simply investment in energy, but also investment more generally," Mr. Fallon said, while speaking at a conference at Chatham House

Romania, Turkey Sign MoU on Developing Power Interconnections

Δευ, 27 Ιανουαρίου 2014 - 19:23

Romania and Turkey signed on Thursday a memorandum of understanding on developing interconnections to facilitate electricity exchange between the two countries, Romania's economy ministry said. One of the projects envisages a subsea electricity cable linking the power grids of Romania and Turkey, a project of Pan-European interest, with an important contribution to the development of the regional power market, the economy ministry said in a statement on Thursday

China Gives Pass to Europe in Solar Trade Dispute

Παρ, 24 Ιανουαρίου 2014 - 17:50

China on Friday gave a pass to the European Union in a trade dispute over solar materials after it upheld tariffs earlier this week on similar products imported from the U.S. and South Korea.

Brent, WTI Crudes Converge as US Chill Buoys Demand

Παρ, 24 Ιανουαρίου 2014 - 17:50

European crude futures dipped Friday although the price gap with U.S. WTI narrowed, with few upward price signals for Brent and plenty of demand for U.S. products as the cold weather continues.

Gazprom May Buy Back Its Shares

Παρ, 24 Ιανουαρίου 2014 - 17:49

Russia's gas monopoly Gazprom (GAZP.RS) mulls a buyback of its own shares on the market, Interfax news agency says, citing a source at the gas giant.

China's LNG Imports Hit Record in December -CIMB

Παρ, 24 Ιανουαρίου 2014 - 17:49

China's liquefied natural gas imports touched a record in December and are expected to keep growing as the country builds more regasification plants, CIMB analysts say in a note.

E.ON to Curb Power Output in U.K. Despite Warnings

Πεμ, 23 Ιανουαρίου 2014 - 18:52

Utility E.ON (EONGY, EOAN.XE) will close one gas-fired power station and expects to reduce output at three others despite continued warnings from the U.K.'s National Grid and others that Britain faces a capacity crunch and potential blackouts, The Guardian reported Thursday.

Russia Shows Interest in Buying MOL's Stake in INA

Πεμ, 23 Ιανουαρίου 2014 - 18:52

Russian officials showed interest in buying Hungarian oil and gas firm MOL Nyrt's (MOL.BU) stake in its Croatian subsidiary INA d.d. (INA.ZG), Hungarian business weekly Figyelo reports Thursday.

Iran's President Seeks Constructive Engagement With World

Πεμ, 23 Ιανουαρίου 2014 - 18:51

Iranian President Hassan Rouhani told business leaders Thursday that his government seeks "constructive engagement" with the world to promote economic development as well as peaceful coexistence.

Russian Court Orders Release of Khodorkovsky's Jailed Business Partner Lebedev

Πεμ, 23 Ιανουαρίου 2014 - 18:51

Russia's Supreme Court on Thursday ordered that former Yukos oil tycoon Mikhail Khodorkovsky's jailed business partner, Platon Lebedev, be freed, bringing an end to the country's highest profile criminal case that critics had viewed as politically motivated.

Bulgarian Power co NEK end-Oct Debts Total 1.2 Bln Euro

Πεμ, 23 Ιανουαρίου 2014 - 14:19

The debts of Bulgarian state-owned electricity company NEK added up to 2.35 billion levs ($1.63 billion/1.2 billion euro) at the end of October, the economy and energy ministry said.

Turkey's STFA Plans 600 mln lira (196 mln euro) in Energy Investments

Πεμ, 23 Ιανουαρίου 2014 - 14:18

Turkish conglomerate STFA has set up an energy unit, Enerya, and plans to invest 600 million Turkish lira ($265.3 million/195.6 million euro) in the energy sector, local media reported on Wednesday.