: :inin Kyiv (EET)

Section: Energy

    Bloomberg: Oil spikes as U.S. strike against Syria roils global markets
    Apr07

    Bloomberg: Oil spikes as U.S. strike against Syria roils global markets

    Oil jumped as the U.S. cruise missile attack against Syria roiled global financial markets, according to Bloomberg. Futures in New York and London surged more than 2 percent to the highest in a month, Bloomberg said. The strike early Friday morning targeted hangars, planes and fuel tanks at one Syrian military airfield, according to a U.S....

    Oil rises to near one-month high on gradual tightening of supplies
    Apr05

    Oil rises to near one-month high on gradual tightening of supplies

    Oil prices climbed to a one-month high on Wednesday on signs of gradual tightening in a market bloated by years of overproduction that has left storage tanks around the world brimming with unsold fuel, according to Reuters. Prices for front-month Brent crude futures, the international benchmark for oil, were at $54.40 per barrel at 0345 GMT, up...

    Ukraine takes nearly 4 bcm of gas from underground storage in 2017
    Apr04

    Ukraine takes nearly 4 bcm of gas from underground storage in 2017

    Natural gas stocks in Ukraine`s underground gas storage facilities shrank by 3.9 billion cubic meters (bcm) in January-March 2017, which was 1.6 bcm down year-over-year, according to state-run Ukrtransgaz, the gas transport system operator. In total, Ukraine pumped 6.7 bcm out of underground storage during the heating season, which started on...

    Transit of Russian gas via Ukraine up 20%
    Apr04

    Transit of Russian gas via Ukraine up 20%

    Transit of natural gas through the Ukrainian gas transport system (GTS) in January-March 2017 increased by 20% compared with the same period in 2016, up to 23.2 billion cubic meters, according to state-owned company Ukrtransgaz. In March, the transit volume amounted to 6.6 bcm, which corresponds to the indicators of March 2016, the report says....

    Oil edges up on weaker dollar, Libya output return weighs
    Apr04

    Oil edges up on weaker dollar, Libya output return weighs

    Oil prices rose slightly on Tuesday due to a weaker dollar, though a rebound in Libyan production put pressure on the market and rising U.S. drilling signaled the potential for increased supply and capped price gains, according to Reuters. International Brent crude futures were trading up 7 cents at $53.19 a barrel at 04:12 GMT from the previous...

    EU seeks to negotiate with Russia over Nord Stream gas pipeline
    Mar30

    EU seeks to negotiate with Russia over Nord Stream gas pipeline

    The European Union is seeking a mandate from its members to negotiate with Russia over plans for a gas pipeline under the Baltic Sea to Germany, an EU document showed, as some EU states fret the project will make Europe too reliant on Russian energy, according to Reuters. The Nord Stream 2 pipeline would pass through Danish and Swedish waters and...

    Naftogaz files suit with CJEU over ruling on Gazprom`s enhanced access to OPAL
    Mar29

    Naftogaz files suit with CJEU over ruling on Gazprom`s enhanced access to OPAL

    The national oil and gas holding Naftogaz of Ukraine has lodged a suit with the General Court of the Court of Justice of the European Union (CJEU) seeking cancellation of the European Commission`s decision on expanded access of Russia`s gas monopoly Gazprom to the OPAL gas pipeline, delivering gas from Nord Stream pipeline to the Central European...

    Toshiba to declare nuclear service company Westinghouse bankrupt
    Mar29

    Toshiba to declare nuclear service company Westinghouse bankrupt

    Japanese Toshiba`s subsidiary company Toshiba Westinghouse Electric, the American-Japanese company servicing nuclear power plants, will be declared bankrupt due to losses reaching $7 billion with another $2 billion to be lost due to the bankruptcy procedure, according to Reuters. Toshiba plans to file for Westinghouse Electric`s bankruptcy on...

    Reuters: Oil edges up as Saudis cut supplies to U.S., but global glut remains
    Mar24

    Reuters: Oil edges up as Saudis cut supplies to U.S., but global glut remains

    Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel, according to Reuters. Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at $50.63 per barrel at 0343 GMT, up 7 cents from...

    Stockholm gas dispute: Naftogaz does not rule out bankruptcy in case of loss to Gazprom
    Mar22

    Stockholm gas dispute: Naftogaz does not rule out bankruptcy in case of loss to Gazprom

    Commercial Director of NJSC Naftogaz of Ukraine Yuriy Vitrenko does not rule out bankruptcy in case it loses its dispute with the Russian energy giant Gazprom in the Stockholm Arbitration Chamber, Novoye Vremia magazine reports. ”The state is not liable for the obligations of Naftogaz. Naftogaz will just go bankrupt. Our assets will be auctioned...

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