Thursday, August 16, 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…

Croatia Acts to Cut Red Tape for FSRU Terminal Project

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The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.The floating…

Iran's Oil Customers in Europe Might Reduce Imports

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European oil companies are not ruling out reducing Iranian oil imports after the threat of new U.S. sanctions, with some expecting banking issues to hinder trade, but there was no rush to immediately cut volumes.U.S.

Ukraine to Offer Gazprom Discounted Transit Fees

Ukraine will offer Gazprom discounted fees for natural gas transit to ensure a flow from Russia to Europe after 2020, European Commission Vice President for Energy Union Maros Sefcovic said on Friday.Russia's Gazprom and five

Austria's OMV Stands by Iran Project - Upstream Chief

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Austrian energy group OMV said on Tuesday it had not halted its planned Iranian energy projects despite the U.S. withdrawal from an international nuclear agreement, but it had made…

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.

Poland Needs Offshore Wind and Nuclear Power, Says Official

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Poland needs to invest in wind farms in the Baltic Sea and in nuclear power, the government official responsible for power and gas infrastructure Piotr Naimski said on Tuesday.Poland…

Oil Falls as OPEC Nears Deal to Raise Production

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Oil prices fell on Thursday as crude exporters in OPEC appeared to be nearing a deal to increase production.Benchmark Brent crude dropped $1.80 a barrel, or 2.4 percent, to a low of…

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.

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.

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…

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…

DNV GL, EU to Promote Offshore Wind Market in Indian

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DNV GL, the world’s largest resource of independent energy experts and certification body, is today showcasing the final reports in a study which demonstrates the commercial and technical…

EU Agrees Final Energy Saving, Renewables Targets

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The European Union on Wednesday finalized new climate rules after months of talks, targeting a total energy saving of 32.5 percent and an uplift in the share of renewable energy to…