Monday, October 15, 2018

European Union News

Oil Tight on Libyan Port Struggles

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Libyan oil production could face protracted disruption as factions in the east seek to seize control of crude exports, adding pressure to a tight global market. Eastern factions have…

No-deal Brexit Will Not Interrupt Norwegian Energy Flows to Britain

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Energy exports from Norway to Britain will not be affected even if Britain leaves the European Union without a deal, Norway's energy ministry said on Friday."Energy trade is governed by bilateral commercial agreements.

U.S. Oil Prices Steady Ahead of Sanctions on Iran

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Oil prices steadied on Thursday, with U.S. crude near a 3-1/2-year high, but supply remained tight with investors concerned by the prospect of a big fall in crude exports from Iran due to U.S. sanctions.U.S.

Russia Loses Bulk of WTO Challenge to EU Gas Pipeline Rules

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Russia largely failed in its bid to overturn the European Union's gas market rules in a World Trade Organization ruling published on Friday.Russia launched the dispute in 2014, claiming that the EU's "Third Energy Package" di

Oil Steady as Outages Balance Trade Dispute, OPEC

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Libyan uncertainty supports Brent as * Canada outage lifts prompt U.S. crude prices. Oil prices steadied on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports…

U.S. Oil Steadies Ahead of Iran Sanctions

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U.S. sanctions likely to cut Iranian crude exports sharply; supply disruptions, record demand leave little spare capacity. Oil prices steadied on Thursday, with U.S. crude near a 3-1/2-year high…

Oil Rises as Outages Balance Trade Dispute, OPEC

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Oil prices rose on Tuesday, supported by production losses in Canada, Libya and from the Neutral Zone between Saudi Arabia and Kuwait, but under pressure from higher supply from elsewhere…

Struggle to Control Libyan Oil Ports Adds to Global Supply Worries

Libyan oil production could face protracted disruption as factions in the east have sought to seize control of crude exports, adding pressure to a tight global market.Eastern factions…

Fate of Argentine Biodiesel Industry Hinges on EU Sanctions

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Argentina's biodiesel industry is at risk after the European Union threatened to impose tariffs on imports from the South American country, following accusations that the nation unfairly subsidized its biofuel sector.

Transporting Costs Go Up: TMM

Photo: Capgemini

The thirty-sixth edition of the Transport Market Monitor (TMM) by Transporeon and Capgemini Consulting reveals high transport prices due to declining transport capacities and rising fuel costs.In Q2 2018…

Cepsa Postpones Bumper IPO, Blames Market Rout

(Photo: Cepsa)

Spain's Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets.Cepsa's owner, Abu Dhabi state investor Mubadala…

Oil Slips as Focus Shifts to Demand in Coming Months

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Oil prices edged lower on Monday as troubled emerging markets and trade tensions dented the outlook for fuel demand, though U.S. sanctions against Iran could mean tighter supply ahead.

Bosnia Adopts Long-Term Energy Strategy Key to Unlocking EU Funds

Bosnia's central government adopted a long-term energy strategy on Wednesday after years of political wrangling between its two regions, paving the way for major funding from the European…

Croatia Extends Bidding Deadline Again for Adriatic LNG Terminal

Croatia has again extended a deadline for submitting binding bids for the use of a planned floating liquefied natural gas (LNG) terminal in the northern Adriatic."The deadline has been moved from Sept. 28 to Dec.

BP Concerned Over Planned Merger of Poland's Two Biggest Refineries

Photo courtesy of PKN Orlen

The planned merger of Poland's two largest refiners PKN Orlen and Grupa Lotos could restrict competition in the east European country, BP said in a statement on Wednesday.The London-based oil and gas company has not filed any

Cyprus Seeks to Construct first LNG Import Terminal by 2020

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Cyprus has invited bids for the development of the country's first liquefied natural gas (LNG) import terminal, which it wants to be ready by 2020, a notice posted on a government procurement…

Trump Bets on New European LNG Terminals

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U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment…

Europe Gas Trade Volume on Track for Record in 2018

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European gas trading volumes in 2018 may beat the record 51,000 terawatt hours (TWh) recorded in 2016 unless unseasonally warm weather prevails for the rest of this year, Prospex said…

EU Aims to Block U.S. Sanctions on Iran

The European Union vowed on Monday to counter U.S. President Donald Trump's renewal of sanctions on Iran, in a test of the EU's ability to preserve a deal that saw Iran limit its nuclear…

Croatia Reopens Bidding for LNG Terminal Capacity

LNG Hrvatska launched a second round of bidding for potential operators of an offshore liquefied natural gas (LNG) terminal in Croatia's northern Adriatic on Friday, after the previous round drew little interest.Last week…