Some of the names on the move ahead of the open.» Read More
JERUSALEM, June 5- The U.S.-Israeli consortium developing Israel's Leviathan natural gas field estimates it will cost $4.5 billion to develop the offshore well, not including infrastructure for exports, an official familiar with the project said on Wednesday.
*Cyprus gas could provide 40 pct of new EU needs. BRUSSELS/ NICOSIA, May 16- Cyprus could use its reserves of gas to meet up to 40 percent of Europe's additional gas needs over the next decade, helping to curb the European Union's reliance on Russia, the head of the island's national gas firm said.
Scott Black, Delphi Management president, explains why he thinks large cap stocks are cheaper here than mid and small caps. Also, Black makes his case for Nobel Energy and why the stock has good protection and offers good value.
JERUSALEM, March 30- Natural gas from the Tamar field off Israel's Mediterranean shores began flowing on Saturday, the head of a partner in the field said in a statement.
Cyprus has found itself right in the middle of a geopolitical game in which its gas potential is a tool in a showdown between Russia and the European Union.
*Cyprus finance minister says no deal on Russian aid yet. NICOSIA/ MOSCOW, March 20- Cyprus pleaded for a new loan from Russia on Wednesday to avert a financial meltdown, after the island's parliament rejected the terms of a bailout from the EU, raising the risk of default and a bank crash.
*Cyprus finance minister says no deal on Russian aid yet. *Austria says ECB won't fund Cyprus banks forever. NICOSIA, March 20- Cyprus's finance minister pleaded with Russia for help on Wednesday to avert a financial meltdown after the island's parliament rejected the terms of a European bailout, raising the spectre of a looming default and bank crash.
The rejection of an unprecedented levy on bank deposits, a condition of a 10 billion euro EU bailout, cast the 17- nation currency bloc into uncharted waters after Greece, Portugal, Ireland, Spain and Italy all accepted biting austerity measures over the last three years to secure European aid.
*Cyprus sitting on gas worth potentially 400 bln. NICOSIA, Feb 15- Huge untapped gas deposits almost 20,000 feet below the surface of the Levantine Sea could be a life-changer for debt-crippled Cyprus and candidates in Sunday's presidential election are rushing to reap political gains.
These three undervalued oil companies are concentrating on growing their production of crude oil, just like Hess.
Earnings beats from Google and IBM boosted Apple stock on Wednesday, as traders bet the one-time darling could regain some of its luster when it reports earnings after the bell.
"I think the market is psychologically prepared to continue without Apple, and if Apple gets involved, it could give it a little bit of an adrenalin shot," one pro said.