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Serbia's NIS Plans to Invest 400 mln Euro in SEE Retail Push by End-2015

Δευ, 12 Αυγούστου 2013 - 18:49

Serbian oil and gas company NIS [BEL:NIIS], majority-owned by Gazprom Neft, plans to pour some 400 million euro ($535 million) in the development of petrol stations in Romania, Bulgaria and Bosnia and Herzegovina by the end of 2015, NIS regional manager Branko Radujko said.

Brazil's Pre-Salt Output Sustainable With Oil Prices Between $40-$45/Barrel -Exec

Δευ, 12 Αυγούστου 2013 - 18:30

Development of Brazil's ultra-deepwater oil fields in the pre-salt region is "sustainable" with international oil prices between $40 and $45 per barrel, the exploration and production director at state oil company Petroleo Brasileiro (PBR, PETR4.BR) said Monday.

Brazil's Petrobras Expects Oil-Output Growth in Second-Half 2013

Δευ, 12 Αυγούστου 2013 - 18:29

Brazilian state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, expects oil production to improve in the second half of 2013 as new platforms come onstream and fresh wells are connected, the company's exploration and production director said Monday.

Brazil's Petrobras Paid Bribes to Parties

Δευ, 12 Αυγούστου 2013 - 18:29

Brazil's state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, allegedly funneled kickbacks to officials from political parties, the weekly Epoca news magazine reported on Sunday.

Oil Mkt Misreading Fundamentals - Morgan Stanley

Δευ, 12 Αυγούστου 2013 - 18:29

Morgan Stanley sees a disconnect between the Brent crude physical market and futures prices. Supply disruptions and a seasonal trough for refinery maintenance have tightened the physical market, but macroeconomic concerns, elevated speculative length, weak demand and concerns about supply growth are weighing on the paper price.

UK Will Miss Out if it Doesn't Allow Fracking for Shale -Prime Minister

Δευ, 12 Αυγούστου 2013 - 18:28

The U.K. will miss a "massive opportunity" to reduce energy bills and invigorate the economy if it doesn't allow companies to develop shale gas using hydraulic fracturing technology, Prime Minister David Cameron said in comments published Monday.

Lukoil Eyes Involvement In Iraq's Kirkuk Oil Field -Source

Δευ, 12 Αυγούστου 2013 - 18:28

Russia's second-largest oil producer, Lukoil OAO Holdings (LKOH.RS), is considering getting involved in the redevelopment of Iraq's giant Kirkuk oil field, a person familiar with the company's projects in Iraq said Monday.

Saras Posts 2Q Net Loss on Lower Oil Prices

Παρ, 9 Αυγούστου 2013 - 18:32

Saras SpA (SRS.MI), one of Italy's biggest private oil refiners, Friday said it made a considerably higher net loss in the second quarter than in the corresponding period of 2012, hit mainly by lower prices for oil refined products and the consequent devaluation of its oil inventories.

OPEC July Oil Production Lowest Since March on Iraq, Libya Disruptions

Παρ, 9 Αυγούστου 2013 - 18:32

Oil production by the Organization of the Petroleum Exporting Countries fell to its lowest level since March in July as supply disruptions in Libya and Iraq dented the group's output, OPEC said Friday, warning of risks of further supply disruptions.

Saudi Arabia July Oil Production Was 10.03 Million B/D -Source

Παρ, 9 Αυγούστου 2013 - 18:32

Saudi Arabia produced 10.03 million barrels a day of crude oil in July, compared with 9.64 million barrels a day in June, a Gulf source told Dow Jones Newswires Friday.

Russia LNG Liberalization Draft Law To Be Submitted To Govt Soon

Παρ, 9 Αυγούστου 2013 - 18:31

Russia's Energy Ministry will submit to the government a draft law on liberalizing liquefied natural gas exports "in the coming days," the country's top energy official was cited as saying Friday.

Oil Prices Rise on China Industrial Output, IEA Forecasts

Παρ, 9 Αυγούστου 2013 - 18:31

Oil futures rose Friday, snapping a five-session losing streak, following bigger-than-expected growth in Chinese industrial production and the International Energy Agency's warning of continued supply outages in Libya and Iraq.

Iran Builds Up Tanker Fleet in Bid to Maintain Oil Exports

Παρ, 9 Αυγούστου 2013 - 18:30

Iran is building up its shipping fleet in a bid to maintain oil exports as its customers dwindle amid tight international sanctions against the country, the International Energy Agency said Friday.

Louisiana LNG Export Proposal Wins Approved

Πεμ, 8 Αυγούστου 2013 - 17:56

A third proposal to export U.S. natural gas won a government green light Wednesday, signaling the approval process is on a faster track despite some concerns that greater exports will raise natural-gas prices at home.

China Coal Data Show July Exports Rise 64.0% on Year

Πεμ, 8 Αυγούστου 2013 - 17:56

China's coal exports rose to 820,000 metric tons in July, up 64.0% from a year earlier, according to preliminary data issued Thursday by the General Administration of Customs.

Romania January-June Power Output Falls 7.6% On Year -Mediafax

Πεμ, 8 Αυγούστου 2013 - 17:55

Romanian energy output fell 7.6% on the year to 10.57 million tons of oil equivalent in the first six months, due to declining activity in the thermal sector, official data showed Thursday, news agency Mediafax reports.