LONDON, July 22 (Reuters) – Brent crude oil rose above $108
a barrel on Tuesday, boosted by escalating political tensions
over Ukraine and fighting in Gaza, while U.S. prices were
supported by expectations of a drop in national stockpiles.
European foreign ministers meet in Brussels on Tuesday, and
Britain, Germany and France may be prepared to increase
sanctions against Russia, the world’s second-largest oil
LONDON, July 22 (Reuters) – British natural gas prices for
delivery in late summer and autumn are set to rise in coming
weeks as large-scale North Sea maintenance makes it more
difficult for utilities to stock up on reserves ahead of peak
demand in winter.
Prices could be pushed even higher by the Ukraine crisis,
which many analysts fear will result in a disruption in the
supply of Russian gas destined for western Europe and flowing
LONDON (Reuters) – The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.
Coal prices have halved over the past three years as a result of rising output from exporters including Australia, Indonesia, South Africa, Colombia and the United States and sluggish demand from both industrialized and emerging markets.
LONDON, July 21 (Reuters) – The global market for seaborne
thermal coal will be oversupplied by around 10 million tonnes
this year, keeping prices below profitable levels for most coal
producers well into 2015 or longer and forcing more mines to
Coal prices have halved over the past three years as a
result of rising output from exporters including Australia,
Indonesia, South Africa, Colombia and the United States and
sluggish demand from both industrialised and emerging markets.
LONDON, July 17 (Reuters) – Russia is stepping up a public
relations effort in support of its controversial South Stream
gas pipeline project to supply southern Europe, but a rival
project to bring gas from Azerbaijan is also upping its game.
Russia is Europe’s biggest supplier of natural gas, meeting
almost a third of the region’s demand. Almost half of that gas
is piped to the European Union via Ukraine.
SINGAPORE/LONDON, July 16 (Reuters) – Brent crude prices
edged up above $106.50 a barrel on Wednesday as data from China
showed its economy grew faster than expected in the second
quarter and the country’s implied oil demand rose to its highest
since the beginning of last year.
The improving outlook in the world’s second-largest economy
offset previous downward pressure on oil prices from easing
concerns about supply disruptions in North Africa, the Middle
East and Ukraine, which had pulled Brent down more than 8
percent since mid-June.
PRAGUE/LONDON (Reuters) – Central and south-eastern Europe could face higher gas prices and potential shortages this winter, as a prolonged price row between Russia and Ukraine heightens regional supply fears.
The former Soviet countries, many of which receive most or all of their gas from Russia via Ukraine, have been scrambling to fill storage tanks and arrange alternate supply sources to prepare for the winter heating season.
LONDON (Reuters) – British wholesale natural gas prices for delivery next winter on Thursday fell to their lowest levels since the contract began trading in October 2011 on healthy supply and low demand.
NBP Winter 2014/2015 gas contracts fell to 57.80 pence per therm for the first time, Reuters data showed, and it is now almost 20 percent lower than at the beginning of the year.
BELGRADE/LONDON, June 17 (Reuters) – Serbia is expected to
begin building its stretch of Russia’s South Stream gas pipeline
next month, Russian Foreign Minister Sergei Lavrov said on
Tuesday after meeting his Belgrade counterpart.
Against the backdrop of conflict in Ukraine, the pipeline
plan has become a focus of tension between Russia and the
European Union, with Serbian neighbour Bulgaria this month
suspending construction at the behest of Brussels, pending a
ruling on whether the project complies with EU law.
LONDON, June 9 (Reuters) – Only a fraction of the natural
gas export projects being developed around the globe will become
reality as high costs and weakening gas prices torpedo those
that until recently promised huge returns on investment.
Large natural gas field discoveries on and offshore have
prompted several countries to plan liquefied natural gas (LNG)
export projects, including in North America, Australia, East
Africa and the east Mediterranean.