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Poland, Baltic leaders ink agreement on gas connection
Leaders from Poland, the Baltic States and European Commission decided on Thursday to construct a natural gas pipeline between Poland and Lithuania to shelter gas supply for the Baltic region.
read more... 16/10/2015
Daily: Oil prices settle down for fourth consecutive day, dragged down by large U.S. stockpile hike
Crude oil prices declined on Thursday after the U.S. government unveiled a larger-than-expected crude inventories increase, slashing prices for a fourth consecutive day. U.S. crude's front-month contract for November delivery decreased by 26 cents, or 0.6 percent, to settle at $46.38 a barrel. Brent crude for November delivery declined 44 cents to settle at $48.71 before the contract’s expiration. Brent for December delivery, which will become the spot contract from Friday, rose by 4 cents to close at $49.73.
read more... 16/10/2015
Germany: Green electricity levy up 715% compared to 2006 level
Economy Minister Gabriel now increases the EEG levy, meaning that on consumers and the economy come higher costs of electricity.
read more... 15/10/2015
EDF and Chinese partners on the edge to conclude Hinkley Point nuclear deal
EDF and Chinese partners are on the edge to conclude a deal to build the Hinkley Point nuclear power plant and are preparing to ink a heads of terms agreement during next week’s visit by Chinese president Xi Jinping in Britain.
read more... 15/10/2015
Daily: European forward power prices decline on weak fundamentals
Crude oil prices settled down on Wednesday and continued to decline in the post-settlement trade on worries about an intensifying oversupply kept crude under pressure this week, compensating recent views that falling U.S. production would spur prices. WTI crude shed 2 cents to close at $46.64. Global crude benchmark Brent eased 9 cents to close at $49.15 then declined 46 cents in post-settlement trade.
read more... 15/10/2015