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Russia to Follow Europe in Mass Oil Refinery Closures

Τρι, 22 Οκτωβρίου 2013 - 14:07

Several Russian refineries are likely to shut in a few years, mirroring the current European crisis in which dozens of plants closed as they failed to compete with modern rivals in Asia and the Middle East, one of Russia's top industry players said.

Brazil Oil Auction Draws Interest, But Also Protests

Δευ, 21 Οκτωβρίου 2013 - 18:38

Brazil plans to auction off stakes in one of the world's largest offshore oil fields on Monday, in a move that will yield billions of dollars for government coffers, but which is drawing popular opposition because of the participation of foreign oil companies.

Spaniards Gird for Solar-Power Fee

Δευ, 21 Οκτωβρίου 2013 - 18:37

Spain's effort to shore up its public finances is about to further squeeze a small but growing segment of the middle class: people who have joined a Europe-wide move toward self-sufficiency by installing solar panels in their homes and businesses.

Brazil Strike Could Provide Support For Oil Prices -- Market Talk

Δευ, 21 Οκτωβρίου 2013 - 18:37

The disruption of oil production from Brazil because of a strike could provide support for oil prices, says Michael Lewis, global head of commodities research at Deutsche Bank.

German Firms Concerned Over Government's Energy Policy - Survey

Δευ, 21 Οκτωβρίου 2013 - 18:37

Rising energy prices and "a hard-to-gauge" future energy policy are restraining corporate investment in Germany, a survey by the German Chambers of Industry and Commerce, or DIHK, found Monday.

WTI Below $100/Bbl For 1st Time Since July 8--Market Talk

Δευ, 21 Οκτωβρίου 2013 - 18:36

Front-month WTI crude contract falls below $100 a barrel for the first time since July 8, and the downward trend is likely to continue in the short term, says Dominick Chirichella of the Energy Management Institute.

Fitch: Naftogaz's Near-Missed Coupon Heightens Investors Worries

Δευ, 21 Οκτωβρίου 2013 - 18:36

Fitch Ratings says that last week's market reaction around NJSC Naftogaz of Ukraine's (Naftogaz, CCC) near miss on its eurobond coupon highlights the negative sentiment that Ukrainian issuers are facing.

Cyprus National Hydrocarbons Company Renamed to Cyprus Hydrocarbons Company

Δευ, 21 Οκτωβρίου 2013 - 14:15

Cyprus Council of Ministers approved the renaming of Cyprus National Hydrocarbons Company to Cyprus Hydrocarbons Company, also adopting the proposed regulations amending its articles of association.

Deal on Iran Nuclear Program Not Yet Close, Senior Western Diplomat Says

Παρ, 18 Οκτωβρίου 2013 - 18:39

Iran has "reassured" the West about its nuclear program but a solution to the decadelong standoff is not yet "close," a senior Western diplomat said.

OMV 3Q Production Down on Unrest in Libya, Yemen

Παρ, 18 Οκτωβρίου 2013 - 18:38

Political unrest in North Africa took its toll on OMV AG's (OMV.VI) hydrocarbon production levels in the third quarter, the Austrian oil and gas company said Friday.

Russia, China in Deal to Develop East Siberia Oil, Gas Reserves

Παρ, 18 Οκτωβρίου 2013 - 18:37

Russia and China's largest energy companies on Friday announced a "breakthrough" deal paving the way for joint development of massive energy reserves in eastern Siberia, in a sign that Moscow is overcoming its fear of Chinese encroachment on Russia's Far East.

Saudi Arabia Declines Security Council Seat, Cites Failure to Halt Wars

Παρ, 18 Οκτωβρίου 2013 - 13:49

Saudi Arabiasaid on Friday it would not take up its rotating seat on the United Nations Security Council, citing "double standards" which it said hampered the world body's ability to end conflicts.

EU Says Will Drop Argentina, Indonesia Biodiesel Complaint

Πεμ, 17 Οκτωβρίου 2013 - 17:29

The European Commission is to drop an anti-subsidy probe into imports of biodiesel from Argentina and Indonesia, major producers, but will continue an anti-dumping investigation, officials said Thursday.

EDF, UK Govt Strike Deal on Nuclear Reactor Build

Πεμ, 17 Οκτωβρίου 2013 - 17:29

The U.K. government and Electricite de France SA (EDF.FR) have reached an agreement that will allow the French power giant to take on Chinese partners and build the first new nuclear power plant in England in nearly 30 years, people familiar with the matter said Thursday.

Turkey Oil Minister: Not Cutting Iranian Oil Imports Further

Πεμ, 17 Οκτωβρίου 2013 - 17:28

Turkey isn't planning to reduce its oil imports from Iran this year or next year in view of its need to safeguard its energy security, Energy Minister Taner Yildiz said Thursday.

Chevron Suspends Shale Gas Activity In Romania Due To Protests

Πεμ, 17 Οκτωβρίου 2013 - 17:28

U.S. energy giant Chevron Corp (CVX) has delayed plans to drill for shale gas at its field in the Silistea area, in the eastern Hungarian county of Vaslui, in response to protests against fracking, a controversial process used to extract gas and oil from shale deposits, news agency Mediafax reports Thursday.