Latest news
Daily: European spot electricity prices firm, while forwards decline tracking weaker coal
Crude oil futures boosted on Wednesday, attaining 2016 highs above $50 a barrel and closing up for a third consecutive day on worries about sabotage oil facilities in Nigeria, although an increase in U.S. gasoline inventories amid peak summer demand could drag down prices. Brent crude rose by $1.07 to end at $52.51 a barrel. It prolonged gains in post-settlement trade, hitting $52.60 a barrel by 3:55 p.m. EDT (1955 GMT), and the highest level since October. WTI crude futures climbed 87 cents, or 1.7 percent, to close at $51.23 a barrel. The session peak was $51.34, the highest level since July.
read more... 09/06/2016
More than three in ten UK oil and gas firms plan further redundancies, survey shows
More than four in 10 of the UK’s oil and gas companies are envisaging cutting costs further amid the downturn in the industry, according to a new survey from the Bank of Scotland and Lloyds Bank Group.
read more... 08/06/2016
Five final bids emerge for German gas grid Thyssengas
German gas grid Thyssengas, owned by Macquarie, the Australian investment fund, has attracted five binding bids as the auction of the gas grid is set to close.
read more... 08/06/2016
Financial deal on 252MW offshore wind farm in Germany expected next year
Van Oord and Highland Group Holdings have decided to develop, fund and construct the 252MW Deutsche Bucht offshore wind farm in Germany.
read more... 08/06/2016
Daily: Oil rallies to 2016 high on U.S. stockpiles draw forecasts, worries about supply disruption in Nigeria
Crude oil prices rallied over 1 percent on Tuesday, attaining 2016 highs, with WTI ending above $50 a barrel for the first time in almost a year, pushed up by expectations of domestic inventories draws and concerns about global supply disruptions from attacks on Nigeria’s oil industry. U.S. crude's WTI futures rose by 67 cents, or 1.4 percent, to close at $50.36 a barrel. It was WTI's first settlement above $50 since July 2015. The session peak was $50.53, a high from October. Brent crude futures jumped 89 cents, or 1.8 percent, to settle at $51.44 a barrel. In post-settlement trade, Brent hit $51.54, a peak since October. Both Brent and WTI have almost doubled in value since winter, when they plunged to the weakest level since 2003.
read more... 08/06/2016