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Daily: French spot power contract up 51% due to nuclear outages
Crude oil prices ended down on Monday, dragged down by oversupply worries, with a rally in trade volume leading U.S. prices below $50, but losses were capped as U.S. shale oil production was expected to fall. Brent crude declined 43 cents, or 0.8 percent day-on-day to close at $51.52 per barrel, after hitting a session low of $51.16 a barrel. U.S. West Texas Intermediate (WTI) settled at $49.94 per barrel, down 41 cents, or 0.8 percent, after reaching a session low of $49.47.
read more... 18/10/2016
CEZ reconnects Temelin Unit 2 after longer than projected closure
Czech utility CEZ re-connected Unit 2 at its Temelin nuclear electricity station on Saturday, generating power at the 2,000 MW plant for the first time since the end of August.
read more... 17/10/2016
Egypt: EGAS will tender for 48-56 LNG shipments in November
Egypt's state gas purchaser EGAS will hold an international procurement tender in November for 48 to 56 liquefied natural gas (LNG) shipments for arrival in 2017, as stated by an EGAS official on Monday.
read more... 17/10/2016
Energy provider SSE will vend 16.7% stake in gas distribution business
SSE Plc, Britain's second largest energy provider, declared it had settled to sell a 16.7 percent stake in regional gas distribution business Scotia Gas Networks Ltd (SGN) to Abu Dhabi Investment Authority for 621 million pounds ($772.21 million).
read more... 17/10/2016
Daily: Crude oil slightly down on U.S. rig count rise, firmer dollar
Crude oil prices posted a modest decline on Friday as traders balanced a stronger dollar and another build in the U.S. oil ring number against expectations that more OPEC negotiations of output reductions will keep crude above $ 50 per barrel. Brent, the London-traded crude benchmark, lost 8 cents, or 0.2 percent, to end at $51.95 a barrel. For the week, it closed flat. U.S. West Texas Intermediate (WTI) crude settled down 9 cents at $50.35. It boosted about 1 percent on the week.
read more... 17/10/2016