Latest news
North Sea oil production rebounds for the first time in 15 years
Oil and gas production from the British North Sea is likely to recover for the first time in 15 years, despite plummeting oil prices and a persistent supply glut.
read more... 04/08/2015
Daily: European spot power prices decline on higher wind output expectations
Crude oil futures settled higher on Wednesday on bullish stockpiles report from the Department of Energy and after Dow Jones indicated that Saudi Arabia would retreat its production after the summer. U.S. crude for September delivery rose by 81 cents to close at $48.79 a barrel Wednesday after soaring as much as 2.5 percent from six-month lows earlier in the session. Front-month Brent futures increased by 6 cents at $53.36 a barrel, having recovered from an intraday low of $52.51.
read more... 30/07/2015
EU carbon allowances rocket to the highest level since 2012
European Union carbon allowances (EUAs) soared to the highest level since 2012, breaking the €8 mark, continuing a recovery that saw prices plunging below €3 in 2013 as the market struggled with a glut of allowances due to the financial crash and resulting decline in industrial production.
read more... 22/07/2015
Eni finds about 15 billion cubic meters of gas in Egypt
Italy's Eni has found gas reserves of approximately 15 billion cubic metres in Egypt's Nile Delta region, with production ready to begin in two months, as stated by the Egyptian oil ministry on Monday.
read more... 21/07/2015
Israel inks agreement for $1.1 billion thermo-solar power plant
Israel inked an agreement to construct a 4 billion shekel ($1.05 billion) thermo-solar power plant in the country's south, intended at increasing electricity production from green energy sources, as stated by the Finance Ministry on Sunday.
read more... 20/07/2015