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Daily: European spot power prices rebound amid lower renewable output
Crude oil futures declined about 2 percent on Friday as traders paid little attention to a decline in the number of U.S. rigs drilling for oil and focused instead on an oversupply and falling stock prices on Wall Street. WTI crude dropped 70 cents, or 1.5 percent, to settle at $46.05. It posted a 1.7 percent hike on the week, after last week's near 12 percent gain, the largest since 2011. Brent crude lost $1.07, or 2.1 percent, to close at $49.61 a barrel. It registered a 0.9 percent decline on the week.
read more... 07/09/2015
Finland to curtail wind power development amid high subsidies costs
Finland is planning to prune wind power developments and curb subsidy costs, restraining a boom that exceeded government expectations.
read more... 04/09/2015
EC gives the green light to Shell for the $70 billion acquisition of the BG Group
Royal Dutch Shell has received the green light from the European Commission to acquire the British natural-gas company BG Group for approximately $70bn.
read more... 04/09/2015
Gazprom and European partners ink Nord Stream 2 deal
Russian giant Gazprom and its European partners have inked a shareholders’ agreement on the Nord Stream-2 gas pipeline at the Eastern Economic Forum (EEF) on Friday.
read more... 04/09/2015
Daily: European spot power prices decline on robust supply
Crude oil prices rebounded on Thursday, following gains in Wall Street equities for a second consecutive day, although U.S. crude inventories posted a weekly increase that weighted on oil outlook. Brent front-month contract rose 18 cents to settle at $50.68 a barrel. At one point during the session it had hiked above $52. U.S. crude's front-month advanced 50 cents to settle at $46.75. It hit above $48 earlier.
read more... 04/09/2015