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Daily: European power forwards at lowest levels since 2003
Oil prices declined in volatile trading, as equities market fell sharply on fears of China's sluggish economy. Previously, crude had rose 4% on Middle East tensions. Data showing a stockpile increase at the Cushing, Oklahoma delivery hub for U.S. crude futures helped reverse crude prices. Brent eased 6 cents to close at $37.22 a barrel and U.S. West Texas Intermediate futures lost 28 cents to settle at $36.76 a barrel.
read more... 05/01/2016
Norway is Western Europe's major gas provider, Russia the second
Norway was Western Europe's top gas supplier in 2015, but Russia tightened the gap from the preceding year, as indicated by preliminary data on Monday.
read more... 05/01/2016
China insurance fund will make an investment in Russia's Yamal LNG
More than 40 Chinese insurance firms and asset managers have conjointly launched an investment company, increasing 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas, as stated by China's insurance regulator.
read more... 05/01/2016
Spanish gas utility obtains €600 million from EU bank
A gas firm in Spain has obtained a loan estimated at €600 million (£443m) from the European Investment Bank (EIB).
read more... 04/01/2016
Oil and gas companies across the world to slash their capital expenditure in 2016
World’s largest oil and gas producers are facing the toughest period of spending cuts in decades, as crude prices are at 11-year lows.
read more... 04/01/2016