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US Crude Inventories and Production Increase

US Crude Inventories and Production Increase

Crude oil inventories and production in the U.S. increased for the week ending Sept. 15, the Energy Information Administration (EIA) announced Wednesday. Commercial crude stocks rose 4.6 million barrels, or 1 percent, to 472.8 million barrels, the EIA said. This marked the third consecutive weekly increase in commercial crude inventories

EU Facilitates Investments in Energy Efficiency for Public Buildings

EU Facilitates Investments in Energy Efficiency for Public Buildings

On September 19, Eurostat, the Statistical Office of the European Commission, published an updated guidance note on the recording of energy performance contracts (EPCs) in government accounts, the European Commission has said

European Investment Grows in Bulgaria

European Investment Grows in Bulgaria

Bulgaria’s leading sunflower and oil producer and grain trader has secured a loan agreement with the European Investment Bank. The financing will be used for the construction of a new sunflower oilseed production plant and storage and logistic facilities in the Beloslav municipality near Varna

KRGs Oil Exports Via Turkey May be Halted Due to Vote

KRG's Oil Exports Via Turkey May be Halted Due to Vote

Iraqi Kurdish Regional Government's (KRG) economic power, propelled by oil exports via Turkey, is potentially at risk if the KRG's capital and seat of power Erbil insists on independence considering Ankara's objection to the referendum, Volkan Ozdemir, head of the Institute for Energy Markets and Policies (EPPEN) told Anadolu Agency (AA)

Enel Launches 2 Solar Plants in Brazil Totaling 546 MW

Enel Launches 2 Solar Plants in Brazil Totaling 546 MW

Italian renewable energy company Enel has launched operations of solar photovoltaic (PV) projects in Brazil totaling 546 megawatts, the company announced Monday. A new 254-megawatt plant, Ituverava and the 292-megawatt Nova Olinda solar park are South America’s largest PV facilities currently in operation, according to the company's press release

Sales of New Cars in Bulgaria with Growth of Over 15%

Sales of New Cars in Bulgaria with Growth of Over 15%

New car registrations in Bulgaria increased with impressive 15.5% in August compared to a year earlier to 2,344 cars, according to data from the Association of Automobile Manufacturers in Europe (ACEA). From the beginning of the year until the end of August the registered new cars in our country increased by 18.1% yoy to a total of 19,556 cars

Gazprom, BOTAS to Create Joint Venture for TurkStream

Gazprom, BOTAS to Create Joint Venture for TurkStream

Russian Gazprom's board of directors will review the formation of a joint venture on Sept. 21 with Turkey's Botas for the TurkStream natural gas pipeline project, according to Russian media late on Tuesday. Russian business daily Vedomosti revealed that the joint project company would be named TurkAkim Gaz Tasima AS

N.Korea Fires Another Missile Over Japan

N.Korea Fires Another Missile Over Japan

North Korea ignored renewed global efforts to end its nuclear threat by firing a ballistic missile over Japan for the second time in less than a month early Friday morning. South Korea's Joint Chiefs of Staff said the missile was launched from the Pyongyang area before flying a distance of around 3,700 km (2,300 miles) over northeastern Japan and landing in the Pacific Ocean, according to the local news agency Yonhap

US Envoy Demands Delay of Kurdish Independence Poll

US Envoy Demands Delay of Kurdish Independence Poll

The US anti-Daesh envoy demanded, Wednesday, a delay of the Kurdish independence poll scheduled for Sept. 25 by the Kurdish Autonomous Region (KRG) parliament, according to the KRG main opposition movement, Gorran's Diplomatic Relations Representative Hoshyar Omar

Juncker Urges Europe to Invest in the Cars of the Future

Juncker Urges Europe to Invest in the Cars of the Future

In his State of the Union address, European Commission President Jean-Claude Juncker, announcing a new industrial policy strategy, said on September 13 it is essential to invest in the cars of the future to keep Europe at the forefront of innovation and digitisation. To this end, Juncker announced a new industrial policy strategy

Global Oil Inventories Shrinking on Robust Demand: IEA

Global Oil Inventories Shrinking on Robust Demand: IEA

The global oil surplus is beginning to shrink due to stronger-than-expected European and U.S. demand growth, as well as production declines in OPEC and non-OPEC countries, the International Energy Agency said on Wednesday

Industrial Production Index in Bulgaria Increased by 0.2% in July 2017

Industrial Production Index in Bulgaria Increased by 0.2% in July 2017

According to the preliminary data the Industrial Production Index , seasonally adjusted , increased by 0.2% in July 2017 as compared to June 2017. In July 2017 working day adjusted4 Industrial Production Index rose by 4.2% in comparison with the same month of 2016, according to data of the National Statistical Institute (NSI)

Greece: Italian Railways to Take Over TrainOSE from September 14

Greece: Italian Railways to Take Over TrainOSE from September 14

Ferrovie dello stato Italiane will sign a final agreement to take over full ownership of TrainOSE in September 14 during a ceremony in Corfu, Filippos Tsalidis, TrainOSE's CEO told reporters during a news conference in Thessaloniki

MEPs Vote to Strengthen EU Security of Gas Supply

MEPs Vote to Strengthen EU Security of Gas Supply

The European Parliament in Strasbourg on September 12 approved new cooperation rules to safeguard the security of gas supply. A EU country facing an urgent gas shortage can trigger cross-border assistance from its neighbours, according to the regulation approved by 567 votes to 101 against, with 23 abstentions

Crude Oil Gains But Gasoline Falls as Irma Hits Florida

Crude Oil Gains But Gasoline Falls as Irma Hits Florida

The US light, sweet crude oil contract for October gained modestly on the New York market Sept. 11 while heating oil and gasoline futures prices fell as Hurricane Irma moved north along Florida’s Gulf Coast

Iran Manufacturers to Support South Pars Phase 11 Project

Iran Manufacturers to Support South Pars Phase 11 Project

Senior officials from France's Total will meet industrialists from major Iranian companies this week to discuss cooperation in the implementation of the 11th phase of South Pars Gas Field, an official said