British wind farms were remunerated by a record amount of £ 43,000,000 to stand idle so far this year because they were generating more power that National Grid could cope with.
read more... 12/11/2014
WTI crude oil reversed earlier gains on Monday, dropping more than $1 and Brent crude also declined as U.S. dollar rally outweighed concerns about conflicts in Libya and Ukraine. U.S. front-month crude futures slipped as low as $77.20 before settling at $77.40 per barrel, down $1.25. Brent crude also closed down more than $1 per barrel at $82.34.
read more... 11/11/2014
Russia and China inked a framework accord for a gas supply deal at the weekend, but declining energy prices pressure on negotiations and might still compromise their plans.
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Hungarian and Slovak gas pipeline operators MGT and Eustream announced on Monday the beginning of the open season for capacity on a new interconnector between the two countries from January 1.
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Estonian electricity grid operator Elering AS will purchase a controlling stake of 27.5 million euros ($34.3 million) in the country's gas transmission system operator from Finnish utility Fortum, as stated by the companies on Monday.
read more... 11/11/2014