Latest news
Gas Connect Austria to fetch interest from at least three bidders for a 49% stake
Three bidders including Italy's Snam , Australia's Macquarie and Czech energy group EPH are considering placing bids for a 49 percent stake in pipeline company Gas Connect Austria.
read more... 27/07/2016
Daily: WTI crude plunges to three-month after API report
Crude oil prices evolved differently on Tuesday, with U.S. crude hitting three-month low on fresh concerns of a glut, while Brent ended higher due to its better fundamentals versus U.S. crude. U.S. crude's West Texas Intermediate (WTI) futures lost 21 cents, or 0.5 percent, to end at $42.92 a barrel. It continued to decline after the release of the API data, tumbling more than 1 percent. During the session, WTI declined to as low as $42.36 earlier, its lowest level since April 20. Brent boosted 15 cents, or 0.3 percent, to settle at $44.87 a barrel, and turned negative after the API data. During the session, Brent slipped $44.14, its lowest level since May 10.
read more... 27/07/2016
Turkish gas rebate will be applied for winter season
Rebate on natural gas prices for winter season will be made even if gas price arbitration cases with Iran and Russia are not settled, the Energy Minister Berat Albayrak declared on Monday.
read more... 26/07/2016
Eni likely to conclude Mozambique gas deal after years of delays
A long-expected Mozambique’s offshore gas project with Italy’s Eni is likely to get the green light within months, according to sources close to the matter.
read more... 26/07/2016
Daily: French spot power prices increase on higher consumption due to hot weather
Crude oil prices declined over 2 percent on Monday, with WTI crude reaching a three-month low, on intensifying concerns that a global oversupply of oil and refined products would put pressure on markets, postponing a long-awaited rebalance in the market. U.S. crude lost $1.06 to settle at $43.13 a barrel, after hitting a three-month low of $42.97 during the session. Brent crude futures closed the session down 97 cents at $44.72 a barrel, after hitting their weakest level since May 10 at $44.55.
read more... 26/07/2016