Latest news
Daily (11.07.2017): British NBP spot price declined by 2.8% on Monday
Oil rose modestly on Monday, lifted by a healthy demand expected in the coming weeks. However, increased drilling activity in the US and uncertainty over Libyan and Nigerian production cuts clouded the future supply outlook. Brent crude rose by 0.36% to end at $46.88 a barrel, while the WTI price increased by 0.38% to $44.40 a barrel.
read more... 11/07/2017
French electricity demand boosted in May 2017 by public transport sector
On Monday, French grid network operator RTE announced in a monthly report about a 0.9% increase in electricity consumption in May, compared with the same period a year ago. The main factors were growing power consumption in the public transport sector and high cooling demand because of warmer weather.
read more... 28/06/2017
UK: Ofgem will reduce subsidies for small power generators
Britain’s energy regulator Ofgem declared on Tuesday it will cut subsidies to several small electricity producers that offer back-up during peak demand. According to Ofgem, this move would reduce household electricity bills by around 20 pounds a year, since the cost of the subsidies is included in overall network fees charged to power companies, which these pass on to consumers.
read more... 20/06/2017
Daily (19.06.2017): British prompt gas prices unexpectedly rose by around 19% on Friday
Oil prices edged up on Friday but the market is still bullish. Rising U.S. oil output has undermined the impact of OPEC-led cuts. Data from the U.S. EIA showed growing gasoline stocks and low demand, despite the peak summer driving season.
read more... 19/06/2017
Norway-Poland gas pipeline plan requires demand for 75% of capacity
A pipeline to provide Norwegian gas to Poland that will cost around 2 billion euros ($2.23 billion) will only be constructed if there is demand for minimum 75 percent of the gas it can convey, one of the associates in the project told Reuters.
read more... 19/06/2017