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Dollar Not Geopolitics Steers Oil - Petromatrix

Dollar Not Geopolitics Steers Oil - Petromatrix

US dollar not geopolitics steering are oil prices says Olivier Jakob of Petromtraix. "Ten days ago, the BTC pipeline was on fire, bombs were falling on Georgia, the US stocks were reported lower than expected but the price of oil was moving down," he says

Russian Troops Begin Withdrawing From Gori - Tbilisi

Russian Troops Begin Withdrawing From Gori - Tbilisi

TBILISI, Georgia (AFP)--Russian forces have begun withdrawing from the flashpoint Georgian city of Gori and have promised to leave there by 1700 (1300 GMT), a senior Georgian official told AFP Friday.

Tight Europe Supply May Curb Fuel Oil Flow To East

Tight Europe Supply May Curb Fuel Oil Flow To East

SINGAPORE (Dow Jones)--Falling freight rates have re-opened the West-to-East fuel oil arbitrage window after a hiatus in the early third quarter, but tight oil supply and strong bunker fuel demand could restrict the flow from Europe to Singapore.

Russian Co Seen Likely To Gain From Any Imperial Bid

Russian Co Seen Likely To Gain From Any Imperial Bid

LONDON (Dow Jones)--London-listed Imperial Energy Corp. PLC (IEC.LN) is expected to receive a formal bid for its shares within days, which, in turn, may open Imperial's assets for a Russian state-controlled company.

PPC Looks to Peer in Cyprus

PPC Looks to Peer in Cyprus

Power utility Public Power Corporation (PPC) is examining ways to develop ties with its Cypriot peer, the Electricity Authority of Cyprus, in different fields including research and environmental issues. According to sources, executives from the two companies recently met at PPC’s offices in Athens where they agreed to look into jointly supplying Cyprus and Crete with natural gas.

China Has Imported 10M Tons Oil Through Kazakh Pipeline-Xinhua

China Has Imported 10M Tons Oil Through Kazakh Pipeline-Xinhua

BEIJING (Dow Jones)--China has imported 10 million metric tons of crude oil, or 73 million barrels, from Kazakhstan through a cross-border pipeline since it was commissioned in 2006, the Xinhua News Agency reported.

Inflation Easing on Lower Fuel Prices

Inflation Easing on Lower Fuel Prices

Greece’s headline consumer inflation rate is seen decelerating to an annual pace of 4.7 percent in August from 4.9 percent in July, due to falling gasoline prices, according to a source at the National Statistics Service (NSS), the government’s statistics office.

Explosion In Western Turkey; 11 Injured - Report

Explosion In Western Turkey; 11 Injured - Report

ANKARA (AFP)--Eleven policemen and soldiers were injured in a powerful car bomb blast Thursday in the western Turkish city of Izmir, officials and media reports said.

Turkeys Dogan, Anadolu To Bid For Nuclear Pwr Tender - IHA

Turkey's Dogan, Anadolu To Bid For Nuclear Pwr Tender - IHA

ISTANBUL (IHA)--Turkish media-to-energy conglomerate Dogan Sirketler Grubu Holding AS (DOHOL2.IS) said Wednesday that together with Anadolu Endustri Holding it has agreed to work with Unit Investment N.V. and Canadian nuclear power firm Bruce Power Inc. to submit a bid in a tender to build and operate Turkey's first nuclear power station.

Georgian Separatists Line Up For Russian Recognition

Georgian Separatists Line Up For Russian Recognition

TSKHINVALI, Georgia (AFP)--Georgia's South Ossetia and Abkhazia regions planned rallies Thursday to ask Russia for recognition as independent states, two weeks after Russian troops occupied both provinces.

Gasoline Pumps Lock Up on Crete

Gasoline Pumps Lock Up on Crete

Development Minister Christos Folias determined to press ahead with price ceiling as strike action spreads As gasoline station owners on the island of Crete switch off pumps in protest against the government’s recently introduced price ceiling, the Development Ministry said yesterday it is determined to press ahead with measures aimed at protecting consumers.

Turkey Signs Deal for its First Nuclear Plant

Turkey Signs Deal for its First Nuclear Plant

Turkey’s Dogan Enerji signed an accord with Turkish, Belgian and Canadian companies yesterday to take part in a tender to build and operate Turkey’s first nuclear power plant, parent company Dogan Holding said. Its partners in the deal are Turkish conglomerate Anadolu Endustri Holding, Brussels-based energy company Unit Investment NV and Canada’s Bruce Power, Dogan said in a statement to the Istanbul Stock Exchange.

WSJE: Russia Moves Closer To Recognizing Georgia Breakaway Regions

WSJE: Russia Moves Closer To Recognizing Georgia Breakaway Regions

Russia moved closer to recognizing the independence of two breakaway republics that helped spark the current conflict in Georgia, and outlined plans for a major military presence in and around the contested territories that would further undermine Georgia's sovereignty

Caspian BTC Oil Pipe Set To Restart By Weekend-BP

Caspian BTC Oil Pipe Set To Restart By Weekend-BP

LONDON (Dow Jones)--The Baku-Tbilisi-Ceyhan crude pipeline, a key outlet for Caspian crude to global markets, is set to restart by this weekend after being knocked out of service two weeks ago following a blaze.