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CNBCs Sharon Epperson: Traders gave a very large part of today trying to determine whether the inventory report released this morning was very bullish or bearish. The fact remains that it is very tragic. We started the morning with this price call from Goldman Sachs reiterate USD 149/bbl by the end of the year that is where the price of oil pipeline and then of course that we have the data from the energy department. The first thing you look at that big build in

Continue Reading Impact of The Small Increase in Natural Gas Supplies

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BERLIN – Russia’s invasion of Georgian territory last week, in addition to a reconfirmation of Moscow’s military strength, is complicated Europe’s efforts to diversify its oil and gas supplies away from the growing dominance of the Kremlin-controlled energy giant Gazprom.
In the post-Soviet era, and especially since 9 / 11, Central Asia has become a central focus for the western countries in search of more secure energy sources.
But this week the offensive, while British Petroleum shut down an oil pipeline and temporarily stopped pumping

Continue Reading Georgia-Russia Conflict Shows EU’s Energy Vulnerability

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… Read the restThe Russian invasion of neighboring Georgia has raised doubts about the safety of the oil and gas pipelines that cross by the former Soviet republic and the wisdom of further investment in the transport sector.
The foray also an emphatic stamp on the growing Russian influence on the region’s natural resources and, by proxy, anywhere in Europe.
The pipeline, supply of about 1% of the global daily oil needs, have not been damaged by the fighting, but the prospect of such part-owner pipeline led BP

Continue Reading Russia-Georgia Conflict Raises Worries Over the Oil and Gas Pipeline

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