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Romanian companies will pay higher prices for natural gas

The price of domestic natural gas traded on the local exchange in May averaged RON 101.2 (EUR 42) per MWh, a historical record for Romanian gas, according to data from the Romanian Commodities Exchange consulted by Agerpres.

read more... 02/07/2019

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OMV and Verbund to build Austria's largest solar plant

Austria’s oil and gas group OMV and utility Verbund have agreed to jointly build a solar plant that will have the capacity to supply 5,500 households with electricity, the companies said on Monday.

read more... 02/07/2019

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Daily (01.07.2019): Carbon prices fell by around 2.3% on Friday, amid quarter-end profit-making

Crude oil prices were bearish on Friday, as traders awaited the outcome of the meeting of the U.S. President Donald Trump with the Chinese President Xi Jinping. As a result, WTI futures settled 1.6% lower at $58.47 a barrel, while Brent crude remained flat at $66.55 a barrel. However, expectations for a prolongation of crude output cuts by OPEC members and their allies at their meetings on July 1-2 limited losses.

read more... 01/07/2019

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Russia, Saudi agree to extend OPEC production cut deal: Vladimir Putin

Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday.

read more... 01/07/2019

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Europe to surpass 250 GW solar power by 2024

Europe will have more than 250 GW of solar power capacity by 2024, with annual installations reaching roughly 20 GW in the early 2020s, Wood Mackenzie Power & Renewables says in a new report.

read more... 01/07/2019

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