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Saudi Leaves June Term Crude Volumes To Europe Unchanged-Trade

Δευ, 10 Μαΐου 2010 - 18:57

Saudi Arabian Oil Co., or Saudi Aramco, has left its June term crude oil allocations unchanged for several European buyers, according to crude traders Monday. Three European lifters contacted by Dow Jones Newswires said state-owned Aramco had kept allocations, mainly of light crude, at full volume in June, steady from May.

Arab World To Remain Key Global Energy Source For Decades

Δευ, 10 Μαΐου 2010 - 18:57

Arab countries will remain the world's main energy supplier for decades to come, with more than half of proven global oil reserves, speakers at an Arab energy conference in Doha said Monday.

Iran Sets Shell, Repsol 2-Week Ultimatum For Giant Gas Field

Δευ, 10 Μαΐου 2010 - 18:56

Iran Monday gave a two-week ultimatum to Royal Dutch Shell PLC (RDSB.LN) and Repsol SA (REP) to sign a deal to enter the giant South Pars gas field as the Islamic Republic grows impatient about the majors' reluctance to commit.

Qatar Oil Min:Happy With OPEC Quota Compliance,Demand

Δευ, 10 Μαΐου 2010 - 18:56

Qatar's oil minister Abdullah bin Hamad Al Attiyah said Monday he is "happy" with Organization of Petroleum Exporting Countries' compliance to crude oil production quotas and global oil demand.

China: Carbon Tax Likely, Expert Forecasts

Δευ, 10 Μαΐου 2010 - 12:54

China may start levying a carbon tax and further boost prices of fossil fuel for the next five years as a crucial incentive to cut greenhouse gas emissions and help realize green targets, a government-affiliated expert forecast.

Deepwater Horizon Rig Disaster Threatens Drilling

Δευ, 10 Μαΐου 2010 - 12:47

BP Plc last September tapped into a new oilfield called Tiber, estimated to hold at least 3 billion barrels of crude, or six months’ worth of U.S. consumption.Discovered through seismic imaging and data crunched on a supercomputer, the field is almost six miles (9.6 kilometers) beneath the Gulf of Mexico’s floor

Eleven Dead, 41 Injured in Coalmine Accident in the Kemerovo Region

Δευ, 10 Μαΐου 2010 - 12:43

Eleven people died and 41 were injured in the coalmine explosions in the Kemerovo Region, a regional emergency department source said.According to the latest information, the explosions in the Raspadskaya mine in Mezhdurechensk, the Kemerovo region, killed eleven people and injured 41, the source said.

Iran Foreign Minister To Visit Turkey After NPT Event - Report

Πεμ, 6 Μαΐου 2010 - 18:34

Iranian Foreign Minister Manouchehr Mottaki will visit Turkey for talks on his return from the Nuclear Non-Proliferation Treaty Review in New York, reports PressTV on its website Thursday, citing diplomatic sources.

Hungary Energy Sector Needs Interconnectivity Focus - Industry

Πεμ, 6 Μαΐου 2010 - 18:34

Hungary's energy sector need to focus more on gas and electricity interconnection with its neighbors and on the development of its transmission infrastructure, figures from industry said Thursday.

Poland To Renegotiate Russian Gas Deal On EU Concerns

Πεμ, 6 Μαΐου 2010 - 18:33

Poland is going to delay signing a gas agreement it has reached with Russia and is willing to renegotiate it, taking into account the European Commission's concerns that it may not comply with European Union rules, a spokeswoman for the commission said Thursday.

Russian Marines Free Tanker, Capture Pirates

Πεμ, 6 Μαΐου 2010 - 18:33

Russian marines Thursday stormed a hijacked Russian oil tanker in the Gulf of Aden in a daring early morning raid, killing one of the Somali pirates aboard and capturing another 10.

E.ON, RWE Strike Deal On Nuclear Power Quota Transfer

Πεμ, 6 Μαΐου 2010 - 18:32

German utilities E.ON AG (EOAN.XE) and RWE AG (RWE.XE) have agreed in principle to transfer power production quotas from E.ON's decommissioned Stade nuclear power plant to the Biblis A reactor, which would allow RWE to operate Biblis A longer.

EU:No Role To Play In Possible Russia-Ukraine Gas Tie

Πεμ, 6 Μαΐου 2010 - 18:31

The European Commission has no role to play at the moment in a possible combination of Russia's and Ukraine's gas companies, European Commissioner for Energy Guenther Oettinger said Thursday.

Gazprom Confirms Naftogaz Ukrainy Pays in Full for Gas Supplied in April

Πεμ, 6 Μαΐου 2010 - 13:43

Russia’s Gazprom confirmed on Wednesday that Naftogaz Ukrainy had paid in full for the gas supplied in April. According to unofficial information, Ukraine bought 1.8 billion cubic metres of gas with approximately a 425 million U.S. dollar discount.

Oil Hovers Near $80 on Greece Concerns

Πεμ, 6 Μαΐου 2010 - 13:42

Oil hovered near $80 a barrel on Thursday, after earlier hitting a six-week low as fears that Greece's economic crisis may spread to other European nations raised uncertainty over future global energy demand.

We Cry Over Spilled Oil, Yet Subsidize the Production of Ultra-Polluting Cars

Πεμ, 6 Μαΐου 2010 - 13:41

The oil spill in the Gulf of Mexico, coupled to the recent rebound in auto sales, remind us of something that even Republican oilman George W. Bush often said: the United States uses too much petroleum. Why then is the federal government forcing taxpayers to subsidize the manufacture of a 556-horsepower luxury car that gets 14 miles per gallon?