Debt levels in a number of economies of the European Union (GIIPS) continue to alarm the global markets—requiring European Union intervention to avert default. As concerns about fiscal sustainability and the oncoming financial turbulence approach, the Republic of Cyprus has announced that it has broken ground on its natural gas reserves. Large tracts of liquefiedContinue reading “The “Aphrodite” LNG”
The European Commission will lead negotiations on behalf of a EU proposed pipeline, which is part of a planned effort with Azerbaijan and Turkmenistan to bring natural gas from the world’s fourth-largest reserves across the Caspian Sea to Europe. The deal is designed to reduce EU dependence on Russian gas imports.
Commodity price volatility, is the key to establishing the relationship between different energy products, their price determinants, the reasons behind price fluctuations. Crude oil is a large component of production costs for heating oil and gasoline, and therefore fluctuations in the price of crude oil translate to simmilar fluctuations in heating oil and gasoline prices.Continue reading “Commodity price volatility, factors behind their price fluctuations.”