The head of Ukrainian state energy company Naftogaz on Saturday proposed jointly developing the Ukrainian part of the Black Sea with Russia's Gazprom in return for access to Russian gas fields.
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Ukraine’s Naftogaz proposes joint venture with GazpromPosted by UK Economy News
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5Jul 08 BP sues Russian partners in TNK-BPPosted by UK Economy News
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5Jul 08 Oil major BP said on Saturday it is suing its partners in the Russian venture TNK-BP in London for 8.4 billion roubles (180.2 million pounds), money it believes should not have been paid out as back-tax claims in Russia.
Read full story World oil markets to remain tight until 2013: IEA chiefPosted by UK Economy News
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5Jul 08 International Energy Agency chief Nobuo Tanaka has predicted that world oil markets will remain tight until 2013, according to an interview with the German economic daily Handelsblatt.
Read full story IEA reported seeing oil easing and then tightening to 2013Posted by UK Economy News
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5Jul 08 The situation on the oil market is likely to ease in 2009/2010 as more production comes on-stream, then tighten again through 2013 as output falls and demand rises, the head of the International Energy Agency said.
Read full story G8 nations to tackle global food crisis: MerkelPosted by UK Economy News
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5Jul 08 German Chancellor Angela Merkel said the G8 group of top industrialised nations at next week's summit will take measures to fight the soaring price of food, in an interview with a German newspaper.
Read full story Europe must end energy dependence on Russia: ex-IEA chiefPosted by UK Economy News
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5Jul 08 The European Union should free itself from its dependence on Russian gas by developing renewable and nuclear energy, the former head of the International Energy Agency told EU ministers Saturday.
Read full story Iran inflation tops 26 percentPosted by UK Economy News
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5Jul 08 Iran's inflation rate, which has provoked intense criticism of the government, topped 26 percent in June, according to a central bank statement published in the press on Saturday.
Read full story French regulator fines Societe Generale for rogue tradePosted by UK Economy News
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4Jul 08 France's banking regulator Friday fined Societe Generale four million euros (6.3 million dollars) over "grave deficiencies" in its internal controls that enabled a massive rogue trade scandal at the bank.
Read full story Goldman Sachs lowers estimates on 40 European banksPosted by UK Economy News
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4Jul 08 The US investment bank Goldman Sachs has lowered its 2008-2010 forecasts for more than 40 European banks, warning Friday that some of them may have to raise between 60 and 90 billion euros to shore up finances in the face of a nearly year-long credit crisis.
Read full story EU steps up scrutiny of BHP takeover of Rio TintoPosted by UK Economy News
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4Jul 08 The European Commission on Friday opened an in-depth antitrust probe into mining giant BHP's hostile takeover of rival Rio Tinto over "serious doubts" the deal could stifle competition amid soaring commodities prices.
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