On Friday, the forward prices for Nordic electricity increased, because of the high German power prices, as well as fossil fuel increased prices for coal and oil, and another factor is the cold weather.
read more... 09/04/2010
US gas prices have seen a decrease this week, which is not really profitable for LNG shippers to import from European countries, as higher as the European prices proposed better netbacks, according to traders and analysts on Thursday.
read more... 09/04/2010
Enel has stopped for 15 days generation of electricity at one of its most important power plant in Italy, a coal-fired giant at Civitavecchia, after the death of a 34 year old employee during maintenance works on April, 3.
read more... 07/04/2010
According to EIA (Energy Information Administration), renewable energy increased by 5.5 percent in 2009 as compared to 2008, and by 16 percent from 2007.
read more... 07/04/2010
Official data show that Russian oil production increased to a record high, from 10.08 billion barrels per day in February to 10.12 billion barrels per day in March. This was conditioned by factors, such as: rising demand and prices on the global market, the recovering global economy, etc.
read more... 02/04/2010