English Edition

EU Barroso: Fincl Mkt Strains To Persist For Some Time

Παρ, 24 Οκτωβρίου 2008 - 13:10

European Commission President Jose Manuel Barroso said Friday he expects the current crisis in financial markets to carry on for some time, threatening the outlook for the global economy.

Spain Probes Possible Fraud In Renewables Subsidies

Παρ, 24 Οκτωβρίου 2008 - 13:09

Spain's Industry Ministry and the National Energy Commission, or CNE, are investigating a possible large fraud related to renewable power subsidies, Expansion newspaper reports Friday.

OPEC Likely To Cut By 1 Mln B/D To Keep Oil Above $70 - Al Hayat

Παρ, 24 Οκτωβρίου 2008 - 12:57

OPEC is likely to cut oil production Friday by 1 million barrels a day in a bid to keep oil prices above $70 a barrel, Saudi-owned newspaper Al-Hayat reported Friday.

Kazmunaigas E&P 9-Mo Oil Production Up To 8.91M Tons >RDGZ.KZ

Πεμ, 23 Οκτωβρίου 2008 - 13:12

Kazakhstan's state oil and gas company JSC KazMunaiGas Exploration and Production (RDGZ.KZ) said Thursday it produced 8.91 million metric tons of crude oil in the first nine months of this year, a year-on-year rise of 8.0%.

Russia Warms to OPEC, but Doesn't Promise Cuts

Πεμ, 23 Οκτωβρίου 2008 - 13:11

With crude prices dropping, Russia, the world's No. 2 oil exporter, pledged to cooperate with the Organization of Petroleum Exporting Countries -- but stopped short of any promise to join the cartel in production cuts to support the market.

Markets Fall As Fears Of Slump Span World

Πεμ, 23 Οκτωβρίου 2008 - 13:09

The stock market and currency market both sent a loud warning Wednesday that investors believe the global economy is heading into a deep recession.

With Demand Sluggish, OPEC Must Consider Output Cut

Πεμ, 23 Οκτωβρίου 2008 - 13:07

Calling global oil markets oversupplied, OPEC president Chakib Khelil said Wednesday the group has to consider a production cut, though he declined to say of what magnitude.

Iran Oil Min: OPEC Should Cut Oil Production By About 2 Mln B/D

Πεμ, 23 Οκτωβρίου 2008 - 13:06

OPEC should cut oil production by "about two million barrels a day" in a bid to balance the global market, Iran's oil minister Gholam Hossein Nozari said Thursday.

Global Crisis Worries Gazprom

Πεμ, 23 Οκτωβρίου 2008 - 13:03

OAO Gazprom posted a 30% rise in first-quarter profit, but the Russian natural-gas monopoly cautioned that the global credit crisis could hurt its cash flows and ability to borrow.

Gazprom Exec: Alliance With BP, TNK-BP Feasible

Πεμ, 23 Οκτωβρίου 2008 - 13:02

Russian natural gas giant Gazprom Neft (SIBN.RS) believes that the creation of an alliance with British oil company BP PLC (BP) and its Russian joint venture TNK-BP is feasible, Stanislav Tsygankov, head of Gazprom's foreign projects department, told reporters Wednesday, Russian news agency Prime-Tass reports.

Wingas Sues German Regulator Over Transmission Grid Regulation

Πεμ, 23 Οκτωβρίου 2008 - 13:00

German natural gas importer and pipeline operator Wingas GmbH said Wednesday it will take the country's network regulator, the Bundesnetzagentur, to court in a dispute over regulation of gas transmission grids.

CEZ Sales Head: Nuclear Power Is Best Long-Term Cost Solution

Πεμ, 23 Οκτωβρίου 2008 - 12:58

The European Union should push its deadline to cut Europe's carbon emissions from electricity generation back by 10 years to accomodate the construction of new nuclear power generators, a senior executive at Czech utility CEZ AS (BAACEZ.PR) said Thursday.

Baku-Supsa Oil Pipe Ready To Reopen In Near Future

Τετ, 22 Οκτωβρίου 2008 - 19:27

The pipeline that delivers crude oil from Azerbaijan's capital, Baku, to the Black Sea port of Supsa in Georgia is ready to restart and will resume operation in the near future, a spokesman for pipeline operator BP PLC (BP) said Wednesday.