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Spain: Energy Supply Not At Risk From North Africa Turmoil

Spain: Energy Supply Not At Risk From North Africa Turmoil

Παρ, 25 Φεβρουαρίου 2011 - 17:39

Spain's energy supply isn't at risk, but the government will take a number of energy saving measures as turmoil in North Africa sends oil prices soaring, government spokesman Alfredo Perez Rubalcaba said Friday.

Libya Instability Should Buoy US Dollar, Energy Expert Says

Libya Instability Should Buoy US Dollar, Energy Expert Says

Παρ, 25 Φεβρουαρίου 2011 - 17:39

Rising oil prices often depress the value of the U.S. dollar, but political instability in Libya and other countries is likely to buoy the U.S. currency, said Daniel Yergin, chairman of IHS Cambridge Energy Research Associates.

Putin Outwits EUs South Stream Opponents

Putin Outwits EU's South Stream Opponents

Παρ, 25 Φεβρουαρίου 2011 - 16:28

On the sidelines of Russian Prime Minister Vladimir Putin's visit to Brussels yesterday (24 February), Moscow won the European Union's blessing to hold a promotional Brussels event to showcase the South Stream gas pipeline, which is largely seen as a competitor to the EU-favoured Nabucco pipeline.

Repsol: Libya Output Around 50% As Profit Doubles

Repsol: Libya Output Around 50% As Profit Doubles

Πεμ, 24 Φεβρουαρίου 2011 - 16:58

Spain's Repsol YPF SA (REP) Thursday said it is managing to maintain production at its Libyan oilfields at around 50% capacity--despite violent clashes in the North African country--but still expects earnings this year to suffer a knock-on effect.

NATO Has No Plans To Intervene In Libya - Rasmussen

NATO Has No Plans To Intervene In Libya - Rasmussen

Πεμ, 24 Φεβρουαρίου 2011 - 16:58

The North Atlantic Treaty Organization has no plans to intervene in the unrest in Libya and has received no request to do so, Secretary General Anders Fogh Rasmussen said after talks in Ukraine Thursday.

Lukoil 2010 Proven Reserves Fall To 17.3B BOE

Lukoil 2010 Proven Reserves Fall To 17.3B BOE

Πεμ, 24 Φεβρουαρίου 2011 - 16:57

Russia's biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) said Thursday its proven reserves fell to 17.3 billion barrels of oil equivalent at the end of 2010.

Russias Putin Concerned About EU Energy Package

Russia's Putin Concerned About EU Energy Package

Πεμ, 24 Φεβρουαρίου 2011 - 16:56

Russian Prime Minister Vladimir Putin clashed with European Commission President Jose Manuel Barroso Thursday on an energy package the European Union is currently implementing.

Petrol Ofisi Swings To 2010 Net Loss Of TRY41.3M - IHA

Petrol Ofisi Swings To 2010 Net Loss Of TRY41.3M - IHA

Τετ, 23 Φεβρουαρίου 2011 - 16:22

Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, posted a net loss of 41.3 million Turkish lira ($25.9 million) in 2010, the Istanbul Stock Exchange's website showed Wednesday, reports Ihlas News Agency, or IHA.

Mideast Oil Price Surge Big Challenge For Airlines

Mideast Oil Price Surge Big Challenge For Airlines

Τετ, 23 Φεβρουαρίου 2011 - 16:22

Surging oil prices caused by the political turmoil in the Middle East will create "very, very big challenges" for airlines, an industry body said Wednesday.

EU Proposes Further Security Measures For Carbon Market

EU Proposes Further Security Measures For Carbon Market

Τετ, 23 Φεβρουαρίου 2011 - 16:22

The European Commission said Wednesday that it will push European governments to implement further measures to prop up security in the European Carbon market and it will propose tweaks to existing rules to provide more legal certainty, after it was forced to shut it down a month ago because of repeated thefts worth tens of millions of euros.

Iraq To Award $4 Bln Kerbala Refinery This Year - Deputy PM

Iraq To Award $4 Bln Kerbala Refinery This Year - Deputy PM

Τετ, 23 Φεβρουαρίου 2011 - 16:21

The Iraqi Oil Ministry is expected to award this year a deal worth $4 billion to build a refinery in Kerbala province, south of Baghdad, Iraq's deputy prime minister for energy affairs said Wednesday.

Irans Ahmadinejad Outraged By Libya Repression

Iran's Ahmadinejad Outraged By Libya Repression

Τετ, 23 Φεβρουαρίου 2011 - 16:21

Iranian President Mahmoud Ahmadinejad Wednesday expressed outrage at what he said was "unimaginable" repression in Libya, urging world leaders to listen to their people.