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Daily (16.03.2017): Oil prices record the first rebound in a week as U.S. stocks retreat
Crude oil prices rebounded for the first time in more than a week on Wednesday on an unexpected decline in U.S crude stockpiles and figures from the International Energy Agency (IEA) showing that OPEC cuts could trigger a crude deficit in the first half of 2017.
read more... 16/03/2017
Poland: Baltic Pipe gas project to become operational by 2022
Poland's state-run oil and gas firm PGNiG is convinced that a new pipeline system to import gas from Norway via Denmark and the Baltic Sea will be ready by 2022.
read more... 15/03/2017
Verbund to continue operation of Mellach combined cycle gas turbine power plant
Austrian hydropower-focused utility Verbund has abandoned plans to sell its Mellach gas-fired power plant in the province of Styria, as the purchase offers of potential buyers did not meet management's expectations.
read more... 15/03/2017
EU allocates €40m to support renewable energy in Algeria
The EU and Algeria inked a €40 million package to support Algeria diversify its economy and improve business climate through measures ranging from the development of renewable energy to modernization of public finances.
read more... 15/03/2017
Daily (15.03.2017): Crude oil plunges to 3-month low on Saudi Arabia output rise
Crude oil prices fell on Tuesday after OPEC unveiled an increase in global crude stockpiles and an unexpected output rise from its biggest member, Saudi Arabia, eroding nearly all gains since OPEC announced output reductions in November.
read more... 15/03/2017