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Power Demand in Romania Seen Almost Flat by 2025

Power Demand in Romania Seen Almost Flat by 2025

Δευ, 26 Ιανουαρίου 2015 - 17:25

Electricity demand in Romania is expected to grow byless than 1% per year until 2025, unless the government takes aproactive approach to encourageconsumption, a study byglobal consultancy A.T. Kearney has indicated.

The DNA of Voting Greeks - A Parable

The DNA of Voting Greeks - A Parable

Δευ, 26 Ιανουαρίου 2015 - 17:20

I am Greek. To be Greek it is not an ethnicity, it is not a nationality and it is not even a profession. To be Greek is a state of mind and it is a full-time job.

Losers in Athens and in Brussels

Losers in Athens and in Brussels

Δευ, 26 Ιανουαρίου 2015 - 17:00

Anti-bailout and anti-austerity forces in Greece and , indeed, across Europe have certainly every reason to rejoice after the results of yesterday's snap election.

Beset by Low Oil Prices the Kashagan Saga Continues

Beset by Low Oil Prices the Kashagan Saga Continues

Δευ, 26 Ιανουαρίου 2015 - 16:56

Speaking about the current fall in oil prices, it would not be fair not to tell about the fate of Kashagan (North-Caspian project) which is the main trump project of Kazakhstan.

King Abdullah’s Death Upsets Oil Markets

King Abdullah’s Death Upsets Oil Markets

Παρ, 23 Ιανουαρίου 2015 - 15:44

The death of powerful King Abdullah of Saudi Arabia, the kingpin of the Organization of Petroleum Exporting Countries (OPEC), spiked oil prices although his successor may well follow Riyadh’s previous policy of not cutting the kingdom’s immense crude production.

Draghi Announces ECB Asset - Purchase Plan of 60 Billion Euros a Month

Draghi Announces ECB Asset - Purchase Plan of 60 Billion Euros a Month

Πεμ, 22 Ιανουαρίου 2015 - 17:22

As was eagerly expected, the ECB announced that it will start buying its 19 member states’ bonds next month, in a process also known as quantitative easing (QE), that is:large-scale purchases of government bonds with newly printed money to stimulate Eurozone's sluggish economy.

Despite Sanctions, Exxon, Rosneft Tap Russian Arctic Field

Despite Sanctions, Exxon, Rosneft Tap Russian Arctic Field

Πεμ, 22 Ιανουαρίου 2015 - 17:17

Despite US and the EU sanctions targeting Russia’s big Arctic and Siberia shale oil ambitions, US major Exxon Mobil and Russian state oil company Rosneft have begun producing from the third and final field of theSakhalin-1 offshore project in Russia’s Far East.

Total Cuts North Sea Projects After Oil Price Drop

Total Cuts North Sea Projects After Oil Price Drop

Πεμ, 22 Ιανουαρίου 2015 - 16:10

On January 21, Total CEO Patrick Pouyanne said the French energy major will cut spending on ageing North Sea fields after the recent plunge in oil prices. A string of companies with operations in the North Sea, including British super-major BP, announced plans toscale backtheir interest as oil prices continue to fall.