Latest news
Bidding rules for Slovak-Hungarian gas connection capacity to be modified
Slovak gas pipeline operator Eustream declared on Monday that rules for the open season system for a connection between Slovakia and Hungary would be considerably changed because of circumstances outside the control of the organizing operators.
read more... 16/12/2014
Daily: Crude oil prices to a fresh five-year low on OPEC determination not to curb output
Brent crude oil reached a new five-year low close to $60 a barrel on Monday on OPEC’s decision not to curb output despite fears of a global oversupply. Brent for January delivery plunged to a low of $60.28 a barrel in Asian trade, down $1.57 and its weakest level since July 2009. The futures contract then rocketed to trade around $62.20 by 14:50 GMT, up 35 cents from Friday's settlement. WTI for January delivery settled at $57.50 a barrel, down 31 cents, after hitting a low of $56.25 earlier in the day - its lowest level since May 2009.
read more... 16/12/2014
Baltic electricity grids to harmonize with European system by 2025
The Baltic states of Lithuania, Latvia and Estonia have decided a roadmap to connect their electricity systems with those of other European Union members by 2025 since they aim to cut their reliance on Russia.
read more... 15/12/2014
Daily: Crude oil prices tumbled 3% to five-year lows on IEA pessimistic forecasts
Crude oil markets declined 3 percent or more to tumble to a fresh five-year low on Friday on IEA’s forecast for even weaker oil prices, lower demand and robust supply in 2015. Benchmark Brent oil ended at below $62 a barrel and U.S. crude tumbled to under $58 to prolong Thursday’s decline below $60. Brent decreased $1.83, or nearly 3 percent, at $61.85 per barrel. It slumped to $61.35 during the session, the weakest level since July 2009. WTI crude slipped $2.14, or 3.6 percent, to close at $57.81. It dropped earlier to $57.34, its lowest since May 2009.
read more... 15/12/2014
Russia: Gazprom will think about vending stake in Finnish utility Gasum
Russia's major natural gas producer Gazprom declared on Friday its board would talk about the possibility of the firm getting rid of its stake in Finnish gas utility Gasum.
read more... 15/12/2014