Latest news
E.ON to quit nuclear business spinoff amid a substantial net loss forecast
E.ON, the biggest utility in Germany, is likely to abandon its plans to spin off its German nuclear plants, saying that will record a substantial net loss for the year, due to low power prices.
read more... 10/09/2015
Poland could institute capacity market in 2016
Poland might launch a power capacity market in 2016 to aid Eastern Europe's major economy avoid electricity shortages since higher consumption puts pressure an old grid, as stated by a minister on Wednesday.
read more... 10/09/2015
Daily: German day-ahead power prices decline on stronger renewable output
Crude oil declined nearly 4 percent on Wednesday, dragged down by robust supply and worries about demand being slashed slowing economic growth. Oil futures prolonged losses as U.S. equities turned lower after economic stimulus outlook from China spurred stock markets in Japan and Europe. Brent crude declined by $1.94, or 3.92 percent, to settle at $47.58 after boosting 4 percent in the previous session. U.S. crude lost $1.79, or 3.9 percent, to settle at $44.15, having declined on Tuesday as trading restarted after the Monday's Labor Day holiday.
read more... 10/09/2015
Russia to ramp up oil output in 2015
Russia, the biggest oil producer in the world, is expected to ramp up its oil production by 1 percent this year, declared Energy Minister Alexander Novak on Wednesday.
read more... 09/09/2015
UK: Investment in North Sea oil industry hit by oil price collapse
Investment in U.K. North Sea oil and gas projects is expected to drop considerably by up to 4bn per year through to the end of 2018, as the collapse in oil prices forces the industry to cut back.
read more... 09/09/2015