Latest news
Daily: Brent crude posts a weekly gain of 1.8% on tight supply in Libya
Brent crude oil rebounded on Friday to settle about 2 percent higher on the week, spurred by worries about output in Libya, where protesters closed again two oilfields, while violent confrontations burst in the east. Brent crude rose by 66 cents to close at $109.75 a barrel, posting a weekly gain of 1.8 percent. U.S. crude increased by 52 cents, or 0.51 percent, arriving at $102.02 a barrel, or 2 percent higher compared with the previous week.
read more... 19/05/2014
Central Europeans encourage energy connections, mutual crisis management
Prime ministers from central European countries on Thursday supported Polish intentions for close energy collaboration and consented to sketch united crisis management strategies in case of a natural gas cut by Russia in the coming months.
read more... 16/05/2014
Italy studies power bill reductions to aid companies
The Italian government thinks about measures to reduce energy bills in a move intended to make more competitive the nation's small- and medium-sized businesses and to support jobs, as described in slides viewed by Reuters.
read more... 16/05/2014
Siemens: 150 wind turbines totaling 600 MW to be provided to Gemini plant
The Dutch Gemini offshore wind farm project signed an agreement with a conglomerate run by Siemens estimated at 3 billion euro ($4.1 billion) for the construction and services, offering the German engineering group its major ever energy services deal.
read more... 16/05/2014
Daily: European carbon allowances hit a 5-week low on speculative selling
Front-month Brent crude futures rallied on Thursday, hitting the highest settlement price since March, while U.S. crude prices slipped, breaking a range of three consecutive higher settlements.
read more... 16/05/2014