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Daily (24.01.2017): German day-ahead power contract up 111% amid strong demand
Crude oil prices lost 1 percent on Monday as signs of a strong rebound in U.S. drilling activity eclipsed news that OPEC and non-OPEC producers were likely to meet output reduction objectives.
read more... 24/01/2017
LNG oversupply will last until mid-2020s
Liquefied Natural Gas (LNG) oversupply will continue until the mid-2020s, according to a new survey from Aurora Energy, which states this is likely to reduce the value of contracts in the market as LNG reaches the bottom of its boom-bust cycle.
read more... 23/01/2017
National Grid: Hard Brexit might cost UK energy sector
Exiting the EU energy market could reduce vital development and increase the cost of imported electricity, according to the National Grid, which has warned the move could enhance Britain’s probability of not being able to ‘keep the lights on’.
read more... 23/01/2017
Poland hopes to purchase EDF's local assets by the end of the year
A conglomerate of Polish state-controlled energy company will hopefully acquire the Polish assets of France's EDF by the end of 2017, Deputy Energy Minister Grzegorz Tobiszowski declared on Friday.
read more... 23/01/2017
Daily (23.01.2016): Crude oil soars over 2% ahead of producers’ compliance meeting
Crude oil prices surged more than 2 percent on Friday on expectations that weekend‘s meeting of the world largest oil producers would establish a mechanism to verify compliance with a deal to reduce 1.8 million barrels per day (bpd) of output.
read more... 23/01/2017