Latest news
UK’s renewable power industry loses tax reduction, shares plunge
Britain's green energy providers and their clients will no longer be exempt from a climate change tax, as stated by finance minister George Osborne on Wednesday, knocking shares in power producer Drax to their lowest ever level.
read more... 09/07/2015
EU parliamentarians to prop up carbon market reform
The European Parliament on July, 8 approved a proposal to begin reform of the world's biggest carbon market in 2019, a key part of strategies to curb the EU's global-warming emissions.
read more... 09/07/2015
Daily: British prompt gas prices edge up on weaker supply from Norway, cooler weather
WTI crude oil futures declined over 1 percent on Wednesday after an unexpected increase in inventories, while gasoline jumped on bets for strong fuel demand during the peak summer driving season. Brent rose 20 cents, or 0.4 percent, to settle at $57.05. U.S. crude's front-month contract fell 68 cents, or 1.3 percent, to close at $51.65 a barrel. It had slipped on Tuesday to touch $50.58, its weakest level since April 8.
read more... 09/07/2015
Russia’s Gazprom abandons Saipem agreement on the Black Sea gas pipeline
Russia's Gazprom has cancelled a deal with Italian oil services conglomerate Saipem to construct the first connection of a gas pipeline under the Black Sea, as stated by the Russian state gas firm on Wednesday.
read more... 09/07/2015
Egypt inks energy import agreement with Russia’s Rosneft
Egypt and Russia's major oil producer Rosneft have inked two initial agreements for the delivery of petroleum products and liquefied natural gas to Cairo, as stated by the two sides on Tuesday.
read more... 08/07/2015