Latest news
Daily: UK natural gas prices remain flat as outages end
Crude oil decreased 5 percent to near six-year lows before rebounding on Tuesday as some traders moved to take benefits of large storage space in the United States. Brent dropped by 84 cents to settle at $46.59 a barrel, after slipping to $45.19, its weakest level since March 2009. U.S. crude declined by 18 cents at $45.89, after striking an April 2009 low of $44.20.
read more... 14/01/2015
Poland ramps up its gas import capacities through a reverse flow connection with Germany
Poland has more than doubled its gas capacity through a reverse flow link with Germany as the country aims to diversify supplies and cut reliance on Russia, declared Polish gas operator Gaz-System.
read more... 13/01/2015
E.ON to slash by 3.5% household gas prices in UK
German utility E.ON unveiled is cutting British household standard gas prices by 3.5 percent, being the first from the British “Big Six” to pass on consumers savings as wholesales prices are tumbling.
read more... 13/01/2015
Daily: European power prices boost on wind power decline
Crude oil declined 5 percent to its weakest level in nearly six years on Monday after Goldman Sachs prevented that prices would plummet further and Gulf oil producers showed no sign of slashing output. Brent slipped $2.68, or more than 5 percent, to settle at $47.43 a barrel, its third-highest one-day decline since 2011 and its lowest close since March 2009. U.S. crude decreased $2.29 to close at $46.07.
read more... 13/01/2015
Debt-crippled RWE slashes investments in renewable energy business
RWE Innogy, the renewable branch of Germany’s No.2 utility RWE, plans to slash its investments in renewable energy business to 1 billion euros ($ 1.2 billion) between 2015 and 2017 amid a crisis in the power sector which has triggered an accumulated debt of 31 billion euros ($36.7 billion).
read more... 13/01/2015