Latest news
Effects after the drop in oil prices
Oil spill out the early gains just to maintain the level of $86 per barrel on Monday, since Euro zone fiscal matters are in force again, while China’s attempts to calm down its economic upsurge, are accompanied by a short- term uncertainty.
read more... 03/05/2010
The coal market in Europe
The coal prices decreased on Tuesday by 2 dollars as consequence of the sales made by several banks on Monday. According to traders and utilities, it was a necessity to reduce prices from the level of 100 dollars per ton for the punctual South African cargoes, because of the rapid increase.
read more... 29/04/2010
Romania wants to reduce its participation in Petrom
OMV, Austrian major oil and gas group, does not intend to increase its share in its Petrom division, even though the Romanian government would like to vend a part of its 21% stake in order to reduce its participation to 8%, according to OMV’s representative on Tuesday.
read more... 27/04/2010
Fotowatio and BP Solar plan several projects in Italy
Fotowatio Renewable Ventures (FRV), an independent solar producer, together with BP Solar, plans to expand in Italy, by installing several photovoltaic plants till the end of 2010, toting up 37.1 MW, at a cost of €125 million.
read more... 27/04/2010
UK Coal sells assets
The largest coal miner in Great Britain, UK Coal, plans to sell most of its real estate assets, pursuing the goal of reducing its debt level, which is still growing, as a result of problems in production in its underground mines.
read more... 26/04/2010