07022016Sat
Last update: Sat, 02 Jul 2016 02pm

Europe

Markets - Energy - Europe

Total says expects Yamal LNG to get funding by year-end MOSCOW: Total expects its Yamal LNG project to receive funding by the end of 2015, RIA news agency quoted a vice president of Total as saying on Friday. Total is joint developing the project with Russia's No.2 gas producer Novatek.Copyright Reuters, 2015 ...

Markets - Energy - Europe

Enel sticks to guidance ahead of green merger MILAN: Italy's biggest utility, Enel , posted a 12 percent rise in core earnings for the third quarter on Friday and beat forecasts, as it prepares to merge with renewable energy subsidiary Enel Green Power. Improved business in Latin America, Spain and Eastern Europe in the third quarter offset a decline in Italy and a drop in renewable operations mainly due to lower hydroelectric production, the state-controlled company said. A combination of weak demand, low ...

Markets - Energy - Europe

Oil stages modest rebound on demand outlook LONDON: World oil prices rose on Friday, rebounding slightly from the previous day's sharp losses, after the International Energy Agency forecast sustained demand.At about 1230 GMT, US benchmark West Texas Intermediate for delivery in December was up 38 cents at $42.13 a barrel.Brent North Sea crude for December won 58 cents to stand at $44.64 a barrel in London midday deals compared with Thursday's close.Crude futures had plunged Thursday to two-month lows as the weekly ...

Markets - Energy - Europe

Coal subsidised with 10bn euros a year in EU BERLIN: EU states are subsidising climate-harming coal to the tune of 10 billion euros ($10.7 billion) a year, according to a German study due to be released next week.In Germany alone, the coal sector receives 3.7 billion euros of public money annually, according to the study by think tank the Heinrich Boell Foundation and environmental group Friends of the Earth, which gave excerpts to AFP.The two groups calculated that between 1990 and 2007, some 200 ...

Markets - Energy - Europe

Oil steadies on gasoline demand, technical buying LONDON: Oil prices steadied on Thursday at around $46 per barrel, as demand for gasoline and technical buying after a sharp fall the previous day offset worries about a large global supply glut. Brent crude futures were $45.83 by 1039 GMT, up 2 cents following a 3.4 percent fall on Wednesday. Gasoline margins in Europe have tripled since mid-October as low prices boosted consumption. Demand is also strong in the United States, where gasoline importers ...

Markets - Energy - Europe

Iran eyes 2016 oil output at 4.3mn bpd MOSCOW: Iran hopes to reach oil production of 4.3 million barrels per day (bpd) in 2016 once the lifting of international sanctions takes effect, Iranian Deputy Energy minister Houshang Falahatian told Reuters in Moscow on Thursday. He was part if Iranian delegations, which is taking part in an intergovernmental meetings in Russia. He said that 1.8 million barrels per day will be available for domestic consumption in 2016, while the rest will be exported. The ...

Markets - Energy - Europe

Russia's Gazprom Neft sees 2015 reserves up on the year MOSCOW: Gazprom Neft, the oil arm of state gas producer Gazprom, said on Wednesday it expected its hydrocarbon reserves to rise to 2.7 billion tonnes of oil equivalent by Jan. 1, 2016, from 2.6 billion tonnes a year earlier. The reserve replacement ratio was seen at least 105 percent in 2015, excluding any mergers and acquisitions and an increase in the company's share in joint ventures, Alexei Vashkevich, Head of Geological Exploration and Resource Base ...