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Iraq February Oil Exports Hit Post-2003 High - SOMO

Τρι, 1 Μαρτίου 2011 - 16:51

Iraq's oil exports rose to 2.202 million barrels a day in February, the highest rate reached since the U.S.-led invasion in 2003, the head of the state oil marketing company SOMO said Tuesday, and the country's top oil officials said output should hit 3 million barrels a day by the end of the year.

TNK-BP Unlikely To Join BP-Rosneft Deal

Δευ, 28 Φεβρουαρίου 2011 - 17:23

TNK-BP (TNBP.RS) is unlikely to join BP's (BP) joint project with Rosneft (ROSN.RS) despite a stalemate in negotiations, says Renaissance Capital. "We maintain our view that the deal between BP and Rosneft should be completed under terms that are close to the original ones," says analyst Ildar Davletshin.

Libya May Be Eighth Largest Oil Shock Since 1950

Δευ, 28 Φεβρουαρίου 2011 - 17:22

The ongoing political turmoil in Libya could cause the eighth largest supply oil shock since 1950, according to a note by Bank of America Merrill Lynch. The bank noted that Libya is the 13th largest crude oil exporter in the world and is a "very large producer of light sweet blends, a quality of crude easily turned into transportation fuels."

Gadhafi No Longer Controls Libya's Big Oil Fields - EU

Δευ, 28 Φεβρουαρίου 2011 - 17:22

Moammar Gadhafi's regime no longer controls Libya's large oil and gas installations, the European Union's energy commissioner said Monday.

Edison Intl 4Q Profit Falls 22% On Wholesale Woes; View Cautious

Δευ, 28 Φεβρουαρίου 2011 - 17:22

Edison International (EIX) fourth-quarter earnings fell 22% as higher taxes, lower trading revenue and a write-down weighed on its wholesale power generation business' bottom line.

Backing Transitions In Arab World Is A Strategic Imperative - Clinton

Δευ, 28 Φεβρουαρίου 2011 - 17:21

U.S. Secretary of State Hillary Clinton said Monday that backing political transitions in the Arab world was not just a question of ideals, but a "strategic imperative."

Saudi Arabia Says Committed To Stability Of Oil Market

Δευ, 28 Φεβρουαρίου 2011 - 17:21

Saudi Arabia, OPEC's largest producer, said Monday it is committed to the stability of the oil market after Libya's oil production dropped amid unrest in the North African country.

Bulgaria: EVN Proposes 19.5% Increase in Power Transmission Prices

Δευ, 28 Φεβρουαρίου 2011 - 15:11

Power distributor EVN Bulgaria, the local unit of Austria's EVN servicing the southeastern parts of the country, is seeking a 19.48 per cent increase in low-voltage electricity transmission prices to 4.7 stotinki a kWh as of July 1 2011, the company said.

Europe's CO2 Emissions Growing with the Economy

Δευ, 28 Φεβρουαρίου 2011 - 15:10

Europe's CO2 emissions picked up speed as the continent's economies emerged from recession in 2010, finishing 2-4% higher than a year before, market analysis seen by EurActiv indicates.

NOAA Scientists Cleared in Climate Email Review

Δευ, 28 Φεβρουαρίου 2011 - 15:09

U.S. officials on Thursday cleared scientists of charges that they manipulated data about climate change in e-mails that were stolen from a British university in 2009, triggering a climate scandal.

RWE Down On 2011 Outlook, E.ON Trades Lower

Παρ, 25 Φεβρουαρίου 2011 - 17:41

Utilities E.ON (EOAN.XE) and RWE (RWE.XE) are trading lower Friday due to RWE's weak 2011 outlook from Thursday, a trader says, adding better sales prospects haven't been on RWE's horizon for a long time. But a price-to-earnings ratio well-below 10 isn't justified, another trader says.

Enel CEO: 2011 Target To Reduce Debt; Cash Flow To Stay High

Παρ, 25 Φεβρουαρίου 2011 - 17:41

Italian electronic operator Enel SpA's (ENEL.MI) objective this year is to further reduce its net debt after managing to reach its target at the end of 2010 said Chief Executive Fulvio Conti, Friday.

Saudi Arabia Alone Can t Reverse Oil Rise

Παρ, 25 Φεβρουαρίου 2011 - 17:40

Saudi Arabia's ride to the rescue of global oil markets may be hobbled at birth. The kingdom may have plenty of spare production capacity, but its oil isn't as high quality as Libya's. So while Saudi willingness to ramp up output has taken the froth off headline oil prices, a full reversal of the sharp rise this week is contingent on a more settled outlook for Libya.