Crude oil prices settled down on Wednesday and continued to decline in the post-settlement trade on worries about an intensifying oversupply kept crude under pressure this week, compensating recent views that falling U.S. production would spur prices. WTI crude shed 2 cents to close at $46.64. Global crude benchmark Brent eased 9 cents to close at $49.15 then declined 46 cents in post-settlement trade.
read more... 15/10/2015
Poland's major electricity producer PGE has begun operating its first solar power plant as part of a plan to generate more power from green sources, as stated by the company on Wednesday.
read more... 15/10/2015
E.ON has inked an accord to sell 100 percent of its shares in E.ON E&P Norge AS (E.ON E&P Norge) to DEA Deutsche Erdoel AG (DEA). The deal is valued at $1.6 billion, counting $0.1 billion of cash on the balance sheet. It is expected to close by the end of 2015, since it is subject to normal regulatory approvals.
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Poland's second biggest power firm Tauron is envisaging assets swap with the state-run Brzeszcze coal mine in the southern Poland.
read more... 14/10/2015
Crude oil prices reversed earlier gains and settled lower on Tuesday after the International Energy Agency (IEA) renewed fears that the market remains oversupplied. U.S. crude closed at $46.66 per barrel, down 0.93 percent, or 44 cents, slashing previous gains over a dollar on technical trades. Brent futures for November delivery settled at $49.24 per barrel, falling 1.24 percent, or 62 cents. Brent futures were above $50 in earlier trading.
read more... 14/10/2015