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Gazprom's Medvedev to meet EU antitrust chief next month BRUSSELS: Gazprom's deputy chief executive is expected to meet EU antitrust chief Margrethe Vestager next month in a meeting that could determine the outcome of the EU's case against the Russian gas giant, a person familiar with the matter said on Friday. The Russian state-controlled company is fighting accusations of over-charging customers and blocking rivals in eastern Europe, a case which could end in a hefty fine and changes to its business model. At the same time, Gazprom has sought to appease the European Commission by offering concessions to try to avert a penalty and a finding of wrongdoing.But sources said the two sides are far apart on the issue of pricing. The talks would be Alexander Medvedev's second meeting with Vestager and they would take place against a backdrop of high tension between Russia and the West over Syria and the country's much-criticised plan to bypass Ukraine and extend ...

Oil prices retreat LONDON: Oil prices retreated Friday, pushed down by excess supplies, but managed a rise over the week thanks to support from geopolitical tensions in the crude-rich Middle East.At about 1300 GMT, US benchmark West Texas Intermediate for delivery in January was down 94 cents at $42.10 a barrel.Brent North Sea crude for January dipped 27 cents from Thursday's close to stand at $45.19 a barrel.This week's oil price falls were capped by the shooting down ...
Oil market dips in Thanksgiving lull LONDON: World oil prices drifted lower Thursday in muted trading conditions amid the Thanksgiving Day holiday in top consumer United States.At around 1200 GMT, US benchmark West Texas Intermediate for delivery in January was down 12 cents at $42.92 a barrel.Brent North Sea crude for January shed 51 cents compared with Wednesday's close to $45.66 a barrel.Despite the slender losses, WTI prices held close to $43 after US commercial crude supplies rose at a slower ...
UK gas prompt prices rise as Norway outage tightens supplies LONDON: British gas prices rose on Thursday on short supplies as flows from Norway were reduced after extended maintenance at one of its fields.Gas for within-day delivery rose 0.45 pence to 37.75 pence per therm by 0904 GMT, while gas for next-day delivery rose 0.25 pence per therm to 37.75 pence per therm.The system was 22 million cubic metres (mcm) short, with demand forecast at 288 mcm while supply was pegged at 266 mcm, National ...
Oil eases on glut, production outlook LONDON: Oil fell on Thursday, after six days of gains, as concerns that escalating violence in the Middle East would disrupt supply faded, and the focus returned to a persistent market glut.Brent crude was down 32 cents at $45.71 a barrel at 1122 GMT.Concerns that the downing of a Russian jet by Turkey on Monday helped push up oil prices this week on the risk that rising geopolitical tension could hit Middle East supplies.By Thursday, ...
North Sea Crude-Forties steady, Asian fixtures in focus LONDON: North Sea Forties crude price differentials held steady on Tuesday, drawing support from indications that Asia could absorb more December-loading barrels. Forties is still valued at a discount to dated Brent, where it has traded since the start of October due to ample supply in the Atlantic Basin. A third fixture of a supertanker to take Forties to Asia in December has emerged, raising the chances that at least some of the North Sea's ...
Oil falls as spotlight returns to growing glut, dollar up LONDON/NEW YORK: Crude oil futures fell back towards $45 per barrel on Wednesday as the dollar gained and investor focus shifted back to a deep global supply glut. Brent was down 57 cents at $45.55 a barrel at 1554 GMT, having touched a low of $45.11. The benchmark hit its highest since Nov. 11 at $46.50 on Tuesday after Turkey shot down a Russian jet. It had risen for five consecutive days, its longest run ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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