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Oil Down After IEA Signals It Could Again Tap Reserves

Τετ, 13 Ιουλίου 2011 - 18:29

Oil futures pulled back Wednesday after the International Energy Agency suggested another release of emergency oil stockpiles could be on the horizon.

Venezuela June Oil Output Up Slightly To 2.53 Mln Bbl/Day -IEA

Τετ, 13 Ιουλίου 2011 - 18:29

Venezuela produced 2.53 million barrels of crude oil per day in June, slightly higher than output for the previous month, the International Energy Agency said Wednesday in its monthly report.

EBRD, Raiffeisenbank Support Energy Efficiency Initiatives in Bulgaria with €8 Mil Loan

Τετ, 13 Ιουλίου 2011 - 15:54

The European Bank for Reconstruction and Development (EBRD) is increasing the availability of financing to individuals with an €8 million loan to Raiffeisenbank (Bulgaria) EAD, a subsidiary of Raiffeisen Bank International AG (RBI), for on-lending for residential energy efficiency projects.

Blast Hits Gas Pipeline in Deir al-Zour

Τετ, 13 Ιουλίου 2011 - 15:53

An explosion has hit a gas pipeline in north-eastern Syria, although production has not been affected, residents and officials said.

EIA Expects the Natural Gas Market to Begin Tightening in 2012

Τετ, 13 Ιουλίου 2011 - 15:52

World crude oil prices initially fell following the June 23 announcement by the International Energy Agency (IEA) that its member countries would release up to 60 million barrels from strategic reserves but then rose above the pre-announcement levels in late June and early July.

Bulgaria Seeks Consultant for Gas Interconnection with Serbia

Τετ, 13 Ιουλίου 2011 - 15:52

Bulgaria has opened a tender to choose a consultant to carry a out the pre-feasibility study for the planned gas interconnection with Serbia, the Energy Ministry said on July 12 2011.

EDF To Delist Its EDF Energies Nouvelles Unit From July 21

Τρι, 12 Ιουλίου 2011 - 18:36

French state-controlled utility Electricite de France (EDF.FR) will delist its renewable energy unit EDF Energies Nouvelles (EEN.FR) from the Paris stock market on July 21, it said in a filing to market regulator AMF Tuesday.

Iran Seeks Explicit Deal In Nuclear Row

Τρι, 12 Ιουλίου 2011 - 18:36

Iran Tuesday signaled it wanted closer cooperation with the United Nations atomic watchdog but said the Vienna-based agency must agree to "explicit" guidelines on how to proceed to solve a nuclear row.

Gazprom's Gas Prices For Lithuania Political - President

Τρι, 12 Ιουλίου 2011 - 18:36

Gas prices set for Lithuania by Russian company OAO Gazprom (GAZP.RS) are political and not based on economics, the Baltic state's president said Tuesday, blaming the Kremlin.

Saudi Output Unlikely To Reach 10M B/D In Summer

Τρι, 12 Ιουλίου 2011 - 18:35

Top oil exporter Saudi Arabia is unlikely to lift crude oil output to 10 million barrels a day this summer after a lukewarm response from refiners, two Gulf OPEC officials familiar with the matter said Tuesday.

Political Solution In Libya "Starting To Take Shape" - French PM

Τρι, 12 Ιουλίου 2011 - 18:35

A political settlement to the Libya conflict is "beginning to take shape," French Prime Minister Francois Fillon told parliament Tuesday.

A2A's Board To Meet Friday On EDF Talks Over Edison's Future

Τρι, 12 Ιουλίου 2011 - 18:34

A2A SpA's (A2A.MI) management board will meet Friday to mandate official talks with Electricite de France SA (EDF.FR) over the companies' control of Edison SpA (EDN.MI), a top official at the Italian municipal utility said Tuesday.

EU Delays $300 mln Loan for Ukraine's Gas Transport System

Τρι, 12 Ιουλίου 2011 - 14:28

The EU has postponed a decision to grant Ukraine a loan to modernize its gas transport system at least until this fall, the Kommersant-Ukraina daily reported on Tuesday.

Bulgaria and Turkey's Key Role is Finding Enough Gas for Nabucco

Τρι, 12 Ιουλίου 2011 - 14:27

Bulgaria and Turkey are going to use their contacts to secure more natural gas for the Nabucco gas than the future European gas transit pipeline needs, according to Presidents Georgi Parvanov and Abdullah Gul.

Plans for the Sale of PPC Lignite Plants

Δευ, 11 Ιουλίου 2011 - 18:03

The government’s planned intervention in the Public Power Corporation includes both the sale of production plants and the introduction of a strategic investor.

IEA: Germany Releases 34% Less Oil Than Initially Planned

Δευ, 11 Ιουλίου 2011 - 17:52

Germany has made 2.77 million barrels of crude oil and products available to the market under the International Energy Agency's plan to release oil from strategic reserves, 34% less than initially announced, the IEA said Monday.