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Daily: British day-ahead gas at the highest level since April on Norwegian production outage
Brent crude futures climbed to a 10-week high on Monday, buoyed by strong manufacturing data from China and the United States, and concerns about supplies of Russian crude. Brent crude for January traded $1.76 higher to settle at $111.45 a barrel, after touching a session high of $112.34. Meanwhile, U.S. crude increased $1.10 to settle at $93.82 a barrel. The spread between the two contracts closed at $17.63, after having fluctuating over $2 between $16.22 and $18.44 during the session.
read more... 03/12/2013
Serbia: construction works started on Serbian section of South Stream
Construction works began last week on the Serbian leg of Gazprom's South Stream gas pipeline. The segment under construction will have the capacity to carry 40.5 billion cubic meters per year and it will have about 4500 kilometers across Serbia, having a total cost of about 2 billion euros.
read more... 02/12/2013
Europe: Renewables share in power generation set to increase by 40% in 2020
The renewables’ contribution in Europe’s generation capacity is expected to increase to at least 40% by 2020, overtaking the capacity supplied by coal, natural gas and oil, declared the region’s grid operators group Entsoe.
read more... 29/11/2013
Spain: The parliament passes the law that could legalize fracking
Spain is one of Europe’s most energy-poor nations, importing about 99 percent of its oil and gas requirements. According to some estimates, Spain has large reserves of shale gas, and if technically recoverable, these reserves could revitalize the Spanish economy at a time of huge economic insecurity.
read more... 29/11/2013
Daily: UK spot gas surges on Norwegian gas supply outage
Brent crude futures traded above $111 a barrel on Thursday on worries OPEC member Libya isn't close to increase output as winter oil demand jumps, while a bigger-than-expected rise in US crude stock kept the gains under control.
read more... 29/11/2013