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Total 12.3 Mln Shares of Romanias OMV Petrom Trade on Bourse

Total 12.3 Mln Shares of Romania's OMV Petrom Trade on Bourse

Τετ, 7 Ιανουαρίου 2015 - 14:16

A total of 12.3million shares of Romanian oil and gas group OMV Petrom, equal to a 0.02% stake, changed hands for4.7 million lei ($1.2 million/1.0 million euro) on the Bucharest bourse on Tuesday, stock exchange data showed

US Oil Prices Dip Briefly Below $50

US Oil Prices Dip Briefly Below $50

Τρι, 6 Ιανουαρίου 2015 - 18:43

The price of oil plunged again Monday and briefly dipped below $50 a barrel for the first time in more than five years as evidence mounted that the world will be oversupplied with oil this year. Benchmark U.S. oil dipped to $49.95 before quickly rising back over $50. In early afternoon trading oil was down $2.29, or 4.3 percent, to $50.40 a barrel. In June of last year it traded above $107 a barrel

Oil Workers to Pay for Near 50% Price Fall

Oil Workers to Pay for Near 50% Price Fall

Δευ, 5 Ιανουαρίου 2015 - 18:35

Oil prices are on course for their largest annual slide since 2008, capping another dire year for commodities, as crude fell again on Tuesday to hover at close to half its level of six months ago. Brent’s 49 per cent plummet since June — alongside a near halving of iron ore prices and sharp drops in coal and copper — has also helped drag the Bloomberg Commodity index down 15.6 per cent in 2014 to a five-year low

Slovenias Krsko NPP Awards Nuclear Safety Service Deal to Spanish Co

Slovenia's Krsko NPP Awards Nuclear Safety Service Deal to Spanish Co

Δευ, 5 Ιανουαρίου 2015 - 18:33

Slovenia's sole nuclear power plant (NPP) Krsko has awarded a contract for a nuclear safety service project worth over 479,000 euro ($582,000) to Spanish engineering company Westinghouse Electric Spain, the European Union’s procurement journal said on Friday

UK and Norway Near Deal to Build Subsea Power Cable

UK and Norway Near Deal to Build Subsea Power Cable

Δευ, 5 Ιανουαρίου 2015 - 18:30

Norway is close to agreeing a €2bn investment to construct a 700km underwater power line that would allow the UK to import hydroelectric power as Britain attempts to solve the squeeze on its fragile generating capacity

Draghi: European Monetary Union Has Proved More Resilient Than Many Thought

Draghi: European Monetary Union Has Proved More Resilient Than Many Thought

Παρ, 2 Ιανουαρίου 2015 - 18:15

Mario Draghi, President of the ECB, defended ECB's economic policies in an opinion piece he wrote for Project Syndicate on 2 January and stressed that EU needs to find better ways to prove to Eurozone Member States that they are better inside the euro area. Mr. Draghi wrote:

Romanias Hidroelectrica Might Go Public in the First Half of 2015

Romania's Hidroelectrica Might Go Public in the First Half of 2015

Παρ, 2 Ιανουαρίου 2015 - 18:10

Romania’s largest electricity generation company Hidroelectrica might go public in the first half of 2015, after having had to postpone its initial public offering scheduled for June 2014 due to the relapse into insolvency. Another offer that was supposed to be listed this year, that of CE Oltenia, is expected to take place in the second semester of next year, writes zf.ro.

A Full Liberalisation of Serbias Electricity Market is Underway

A Full Liberalisation of Serbia's Electricity Market is Underway

Παρ, 2 Ιανουαρίου 2015 - 18:09

A full liberalisation of Serbia's electricity market, allowing citizens to choose their suppliers in an open market, will begin from the New Year, with the liberalisation of the gas market set to start as well

U.S. Easing of Oil Exports May Foil OPEC’s Strategy

U.S. Easing of Oil Exports May Foil OPEC’s Strategy

Τετ, 31 Δεκεμβρίου 2014 - 17:06

The Obama administration’s move to allow exports of ultralight crude without government approval may encourage shale drilling and thwart Saudi Arabia’s strategy to curb U.S. output, further weakening oil markets, according to Citigroup Inc.

Algeria Calls for OPEC to Cut Oil Production

Algeria Calls for OPEC to Cut Oil Production

Τετ, 31 Δεκεμβρίου 2014 - 13:31

Algeria's oil minister on Sunday called on OPEC to cut production and raise the price of oil, which has plunged dramatically in the last six months

Libya FM: Extremists Seek to Capture Oil and Gas Resources

Libya FM: Extremists Seek to Capture Oil and Gas Resources

Τετ, 31 Δεκεμβρίου 2014 - 13:30

Libya's foreign minister said Sunday that extremist groups are making a renewed push to seize oil resources, after an assault on eastern terminals set storage tanks ablaze, sending massive clouds of black smoke into the sky.

Bulgaria: Electricity Price Might Rise in April or July – Energy Watchdog

Bulgaria: Electricity Price Might Rise in April or July – Energy Watchdog

Τρι, 30 Δεκεμβρίου 2014 - 18:39

The price of electricity in Bulgaria is not going to rise on 1 January 2015, but an increase might take place in April or July next year. This was announced by the Chair of the State Energy and Water Regulatory Commission (DKEVR) Svetla Todorova in an interview for private bTV station. In October, prices went up 9.5 to 9.9 percent depending on which company provides electricity distribution services