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Crude Oil Market Shrugs Off EU Syria Sanctions - Traders

Παρ, 2 Σεπτεμβρίου 2011 - 18:43

The European Union's decision Friday to ban oil exports from Syria is unlikely to significantly impact oil prices as Syrian supplies are small and the season for the products refined from the crude is nearly over, oil traders and analysts told Dow Jones Newswires.

Cyrpus Total Sales of Petroleum Products Rises 3,0% the First Seven Months

Παρ, 2 Σεπτεμβρίου 2011 - 14:41

Cyprus' total sales of petroleum products in July 2011 recorded an increase of 6,2% compared to the previous month. A considerable increase was recorded in the sales of Aviation Kerosene, Gasoil, Unleaded Motor Gasoline and Gasoil Low Sulphur. On the contrary, a decrease was recorded in the sales of Heavy Fuel Oil, Light Fuel Oil and the provisions of Gasoil for Marine use. Cyprus' total stocks of petroleum products at the end of the month recorded a decrease of 1,3% compared to the previous month.

First Solar Modules Made in EU Qualify for Italian Feed-In Tariff Premium

Πεμ, 1 Σεπτεμβρίου 2011 - 16:00

Solar modules produced by First Solar, Inc. (Nasdaq: FSLR) in its factory in Frankfurt (Oder), Germany, satisfy requirements for a 10% feed-in tariff premium in Italy after passing a thorough factory inspection, the company announced today.

Wingas Sells 19% Stake In Nord Stream Pipeline Link To Fluxys

Πεμ, 1 Σεπτεμβρίου 2011 - 15:59

German natural gas importer Wingas GmbH, owned by BASF SE (BAS.XE) unit Wintershall AG and Russia's Gazprom OAO (GAZP.RS), Thursday said it sold a 19% stake in the Nord Stream connecting pipeline, the North European Pipeline, to Belgian gas transmission company Fluxys G, the parent company of Fluxys SA (FLUX.BT).

Iraq August Oil Exports +1.1% On Month At 2.189 Mln B/D

Πεμ, 1 Σεπτεμβρίου 2011 - 15:59

Iraq's oil exports in August ran at an average 2.189 million barrels a day, or 1.1% above the rate in July, the head of State Oil Marketing Organization, or SOMO, said Thursday.

Total CEO: Libya Must Restore Oil Infrastructure Soon As Possible

Πεμ, 1 Σεπτεμβρίου 2011 - 15:58

French oil major Total SA's (TOT) Chairman and Chief Executive Christophe de Margerie Thursday said it was essential for world oil supplies that war-torn Libya restores its oil infrastructure as soon as possible.

Ukraine Says One More Chance To Resolve Russian Gas Dispute

Πεμ, 1 Σεπτεμβρίου 2011 - 15:58

Ukraine gave Russia one last chance Thursday to resolve their second major gas dispute in three years as President Dmitry Medvedev blamed Kiev for behaving unreasonably.

Poland May Stop Setting Gas Prices For Industrial Clients By End 2012

Πεμ, 1 Σεπτεμβρίου 2011 - 15:58

Poland may stop setting the prices of natural gas for industrial clients by the end of next year, said Marek Woszczyk, head of the country's energy market regulator.

Greek Gas-Fired Plants Increase Prices on New Tax

Πεμ, 1 Σεπτεμβρίου 2011 - 12:41

Greek spot power prices have jumped following the introduction of a tax on gas consumption which affects power generators from 1 September. The system marginal price for power delivered on 1 September averaged €73.09/MWh ($105.64/MWh), compared with €55.67/MWh for the previous day, as gas-fired generators increased their prices to take account of the new tax.

Tamar Partners Near Huge Gas Deal with IEC

Πεμ, 1 Σεπτεμβρίου 2011 - 12:03

Sources inform ''Globes'' thatIsrael Electric Corporation and the Tamar partners headed byNoble Energy Inc. andDelek Group Ltd. are on the verge of a multibillion dollar natural gas supply contract. The parties are finalizing the talks that began two years ago. They have agreed in principal on the price and linkage mechanism, but IEC purchases commitment is still open.

Maria van der Hoeven Begins Term as IEA Executive Director

Πεμ, 1 Σεπτεμβρίου 2011 - 11:30

Ms. Maria van der Hoeven, former Minister of Economic Affairs of the Netherlands, took charge today as the new Executive Director of the International Energy Agency (IEA) and vowed a focus on excellence as the agency strives to address the challenges of energy security and climate change in an era of unprecedented economic uncertainty.

German Grid Regulator Decides Against Nuclear Reserve Capacity

Τετ, 31 Αυγούστου 2011 - 16:26

Germany's energy network regulator Wednesday said that the country's accelerated exit from nuclear energy has considerably increased the risk of power blackouts, calling on the industry to invest in new energy infrastructure to ensure security of supply.

Czech Nuclear Expansion Moving Forward As Planned

Τετ, 31 Αυγούστου 2011 - 16:26

The Czech Republic is moving forward as planned with its $25 billion nuclear power generation expansion as increased clean electricity production will allow the country to meet emissions reduction targets, the country's industry minister said in Wednesday's Austrian economic newspaper Der Wirtschaftsblatt.