The European Commission is thinking about a suggestion to double the quantity of gas EU member states must keep in storage as part of strategies to enhance supply security due to the Ukraine crisis, as stated by Europe's energy chief on Friday.
read more... 19/05/2014
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
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
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
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