English Edition

Glencore Says Supplies 3% Of World's Oil Consumption

Δευ, 9 Μαΐου 2011 - 17:24

Glencore supplies around 3% of the world's oil consumption, with its biggest customers the oil majors as well as national oil firms in India, Nigeria and Mexico, the company said in the prospectus for its initial public offering.

Turkish Calik Enerjii Comments the Works on the 1250 MW Power Plant in Iraq

Δευ, 9 Μαΐου 2011 - 15:21

Calik Enerji, started the works on Sunday, for the construction of a 1,250 megawatt power plant in Khairat, 30 km southeast of Kerbala, Iraq, to boost its electricity output.

Poland Takes Lead as EU’s Shale Gas Promoter

Δευ, 9 Μαΐου 2011 - 15:20

Poland said the development of shale gas across the EU should obtain the status of "a common European project," adding that it intends to promote the development of unconventional gas during its upcoming EU presidency.

Oil Price Didn't Reflect Spare Capacity-Bernstein

Παρ, 6 Μαΐου 2011 - 15:40

An oil price of $125 a barrel didn't reflect the level of spare production capacity available, and Thursday's downward correction better reflects market fundamentals, says Bernstein Research. At the end of March, OPEC's effective spare capacity was around 4 million barrels a day, but the price of Brent crude implied the supply cushion was less than half that size, it says.

Greece Won't Sell Power Co Stake At Bargain Price -Prime Minister

Παρ, 6 Μαΐου 2011 - 15:39

Greece won't sell a planned 17% stake in the country's dominant power company at a bargain price, the prime minister said Friday, adding that the further privatization of the utility represents an opportunity to find new strategic partners for the company.

Geopolitical Oil Risk Better Defined -Petromatrix

Παρ, 6 Μαΐου 2011 - 15:39

The geopolitical risks to oil supply, principally from events in the Middle East and North Africa, are much better defined than a month ago and are therefore less of a pricing variable, says Petromatrix.

Sinopec, CNPC Expand China Fuel Outsourcing To Ensure Supply

Παρ, 6 Μαΐου 2011 - 15:39

China's two largest oil companies, both state owned, are buying more gasoline and diesel from small private refineries to help bridge a supply shortfall as the summer full consumption peak season draws near.

Tepco: Fukushima No. 1 Reactor Special Cooling System To Be Installed By End-Month

Παρ, 6 Μαΐου 2011 - 15:38

Tokyo Electric Power Co. said Friday that special cooling equipment will be in place at one of the reactors at the quake-hit Fukushima Daiichi nuclear complex by the end of the month, making the safe shutdown of the reactor a realistic prospect for the first time since the crisis began nearly two months ago.

South Korea Still Interested In Turkey Nuclear Power Contract

Πεμ, 5 Μαΐου 2011 - 17:21

South Korea still hasn't given up hopes of winning a contract to build four nuclear reactors in Turkey, despite Ankara having turned instead to Japan as a possible supplier.

Iraq Denies UK Times Report To Halve Oil Output Target

Πεμ, 5 Μαΐου 2011 - 17:21

Iraq denied a report Thursday by The Times of London that Iraq was preparing to halve its official crude production targets to between 6.5 million and 7 million barrels a day from the previously announced 12 million barrels a day in 2017.

French People Support Shale Oil If It Helps Lower Fuel Price

Πεμ, 5 Μαΐου 2011 - 17:21

A majority of the French people are in favor of developing shale hydrocarbons if it helps lower fuel prices, according to a poll released Thursday.

Putin Blames Higher Gasoline Prices On Collusion

Πεμ, 5 Μαΐου 2011 - 17:20

Russian Prime Minister Vladimir Putin said "collusion" is the most likely cause of an increase in Russian gasoline prices, Interfax reports Thursday.

Yemen To Export 2M Bbl Of Masila Crude Mid-May

Πεμ, 5 Μαΐου 2011 - 17:20

Yemen is expected to meet its obligation for the export of around two million barrels of Masila Blend in mid-May, a trade source familiar with the matter told Dow Jones Newswires Thursday.