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2014, October, 17, 20:45:00
BRENT/WTI DIFFERENCE
The Brent-WTI spread, the difference between the front month futures price of North Sea Brent crude oil and that of West Texas Intermediate (WTI) crude oil, narrowed to $2.00 per barrel (bbl) as of October 15, after reaching a 2014 high of $14.95/bbl in January
2014, October, 17, 20:40:00
JAPAN: MORE GAS
Japan continues to import record volumes of LNG amid delays in nuclear restarts
2014, October, 16, 21:50:00
RUSSIAN GAS: 2040
As the European calls for diversification away from Russian sources of natural gas continue in the wake of the Ukraine crisis, a just released study from The Brookings Institution shows that the European Union is likely to be using a lot of Russian gas even by the year 2040.
2014, October, 16, 21:45:00
IMPORTANT RUSSIAN GAS
Europe’s natural gas supply mix likely won’t change much without drastic policy interventions despite recent renewed concern over instability in Ukraine, a new Brookings Institution policy brief concluded. This effectively will ensure a continuing significant market share for Russia, it said.
2014, October, 16, 21:40:00
EU GAS SHORTAGES
Bulgaria, Finland and Estonia could suffer major gas shortages if Russia cut off all its gas deliveries for six months, according to a report released Thursday by the European Commission.
2014, October, 16, 21:35:00
OIL PRICES DROP
Oil prices posted their biggest one-day drop in nearly two years Tuesday as a U.S.-led wave of crude has crashed into weak global demand, threatening the stability of some countries and providing an economic lifeline to others.
2014, October, 16, 21:30:00
OIL PRICES: ABOVE $80/BBL.
Bank of America Corp. and BNP Paribas SA predict prices will hold above $80 a barrel. Commerzbank AG also sees that level as a possible low for Brent crude. They’re in part counting on OPEC cutting output -- some say as soon as next month -- to compensate for recent declines in demand.
2014, October, 16, 21:25:00
BG & STATOIL: CHANGE CEO
BG Group Plc (BG/) appointed Statoil ASA (STL)’s Helge Lund as chief executive officer, ending a leadership crisis at the U.K.’s third-largest oil and gas producer.
2014, October, 16, 21:20:00
S.AFRICA: 9 BLN BBL OIL
South African President Jacob Zuma outlined ambitious plans on Wednesday for oil andgas exploration in coastal waters that he said could contain as much as 9 billion barrels of crude and vast quantities of natural gas.
2014, October, 16, 21:15:00
GAZPROM ROSE 13%
Russian state gas giant OAO Gazprom said second-quarter profit rose 13% on higher sales and prices which offset provisions for non-payment by Ukraine’s Naftogaz.