Louisiana Light • 5 days | 73.53 | -2.49 | -3.28% | |||
Bonny Light • 4 days | 76.08 | +0.77 | +1.02% | |||
Opec Basket • 5 days | 76.94 | -0.55 | -0.71% | |||
Mars US • 3 days | 71.47 | +0.84 | +1.19% | |||
Gasoline • 14 mins | 2.700 | -0.003 | -0.13% |
Bonny Light • 4 days | 76.08 | +0.77 | +1.02% | |||
Girassol • 4 days | 78.05 | +0.70 | +0.90% | |||
Opec Basket • 5 days | 76.94 | -0.55 | -0.71% |
Peace Sour • 14 hours | 66.92 | +0.84 | +1.27% | |||
Light Sour Blend • 14 hours | 68.22 | +0.84 | +1.25% | |||
Syncrude Sweet Premium • 14 hours | 77.17 | +0.84 | +1.10% | |||
Central Alberta • 14 hours | 66.52 | +0.84 | +1.28% |
Eagle Ford • 4 days | 69.15 | +0.84 | +1.23% | |||
Oklahoma Sweet • 4 days | 69.25 | +0.75 | +1.09% | |||
Kansas Common • 4 days | 63.00 | +1.00 | +1.61% | |||
Buena Vista • 7 days | 76.15 | -1.09 | -1.41% |
Saudi Energy Minister Prince Abdulaziz…
A new age of superconductors…
The South Stream natural gas pipeline was first introduced in 2007 as a venture between Gazprom of Russia, and Eni of Italy. It is meant to offer a rival to the gas pipeline proposed to transport gas from the Black Sea to Europe, a pipeline that if left unchecked could threaten Gazprom’s natural gas monopoly in Europe.
A statement has now been released by Vladimir Putin’s office, which announces the South Stream project will begin in December. Eni initially said that they expected a final investment decision to be made in late 2010 or early 2013, however the Russians have now said that “Gazprom and Eni aim to make the final investment decision on the offshore part of the project in November and start the construction in December.”
The pipeline will cost an estimated €15 billion ($18.25 billion) and be able to supply southern Europe with 63 billion cubic meters of natural gas as early as 2015.
Putin and Mario Monti, the new Italian Prime Minister, will meet in Russia today to discuss the deal, amongst other things.
By. Joao Peixe of Oilprice.com
U.S. Gasoline Prices Are Set For A Significant Decline
Iran Seizes Third Oil Tanker As U.S. Boosts Military Presence
Turkey Makes Huge 1-Billion-Barrel Oil Discovery
14,000 Inactive Oil & Gas Wells In U.S. Unplugged
Oil Prices Continue To Slip Even As Crude Oil Inventories Decline
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com