Latest news
Daily: Crude oil prices plunge for the fifth straight day on Brexit fears, Fed rate hikes
Crude oil prices dipped for a fifth consecutive session on Wednesday on fears that UK might leave the European Union, while the U.S. Federal Reserve announced plans for two U.S. rate hikes this year despite sluggish growth expectations. Brent crude futures for front-month delivery fell 86 cents, or 1.7 percent, to settle at $48.97 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures lost 48 cents, or 1 percent, to close at $48.01 per barrel.
read more... 16/06/2016
EnBW will intensify cost cutting, reduce hundreds of jobs
German utility EnBW declared on Tuesday it would accelerate cost-cutting measures to save an extra 250 million euros ($280 million) by 2020, since it struggles with decreasing electricity prices and the cost of phasing-out nuclear power.
read more... 15/06/2016
Sweden’s support for nuclear – a boost for the industry
Sweden's plan to preserve nuclear energy as part of its low-carbon energy mix is a significant boost for the nuclear industry, as stated on Tuesday by CEO of French utility EDF Jean-Bernard Levy .
read more... 15/06/2016
Total acquires 100% of Belgian renewable power provider Lampiris
Total and Lampiris, the third-largest supplier of natural gas and renewable power to the Belgium residential sector, have inked an agreement under which Total will acquire all of the shares in Lampiris.
read more... 15/06/2016
Daily: European spot electricity prices evolve differently; low wind power output spurs French prices
Crude oil prices declined about 2 percent in prolonged trading on Tuesday as figures indicated an unexpected build in U.S. crude stockpiles last week, adding to the destabilization of global financial markets before the British referendum whether to leave the European Union. Brent and U.S. crude extended losses in post-settlement trading, both falling by more than $1 a barrel each. Prices tumbled for the fourth straight day with Brent down 52 cents to settle at $49.83 a barrel, while U.S. crude lost 39 cents to close at $48.49.
read more... 15/06/2016