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EU power producers promise to become carbon free well before 2050

The industry association Eurelectric, under new leadership since last year, promised to make European electricity production carbon neutral well before 2050.

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A MOU to build Israel-Europe gas pipeline was signed on Tuesday

A memorandum of understanding for the construction of a gas pipeline to convey natural gas from Israel to Europe was signed on Tuesday in Greek-administrated Cyprus. 

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Hungarian oil and gas major firm puts up on sale UK North Sea assets

Hungarian oil giant MOL declared about its intentions to sell its assets off the UK causing continuous tensed events in the North Sea. This comes after four years the company entered the area.

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(07.12.2017): Weekly Energy Market Review at a Glance

Here's a quick snapshot of the main energy indicators in the last 7 days.

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Daily (07.12.2017): WTI crude futures dipped by 2.9% on higher U.S. inventories of refined products

Oil prices slumped on Wednesday after an unexpected increase in U.S. inventories of refined products that suggested demand might be weakening. Brent crude futures were down $1.64, or 2.6%, at $61.22 a barrel, after reaching a session peak of $62.93. Meanwhile U.S. crude futures dropped $1.66, or 2.9%, to close at $55.96.

read more... 07/12/2017

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