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Daily: European forward power prices rebound on higher fuels prices ahead of Ascension holiday
A larger-than-expected increase in U.S. crude stockpiles dragged oil markets down on Wednesday after an early hike over worries about output reductions in Canada’s oil sands region following a conflagration. U.S. crude futures close at $43.78 a barrel, up 13 cents or 0.30 percent, while Brent crude fell 35 cents or 0.78 percent, to settle at $44.62 a barrel.
read more... 05/05/2016
Greece has nine gas transport bids for Greek-Bulgarian pipeline
Greece's state natural gas firm DEPA has obtained nine expressions of interest to convey gas within a Greek-Bulgarian natural gas pipeline scheme, it declared on Wednesday.
read more... 05/05/2016
Red card for Engie: Suspected of selling gas at below cost
The French competition authority required the energy company Engie (ex-GDF Suez) on Monday to increase its natural gas prices for companies, blaming that the company is selling gas at below cost, harming competition.
read more... 04/05/2016
Daily: British spot gas prices decline on warmer weather, Rough outage
Oil prices tumbled for a second day on Tuesday, receding further from the year's highs reached the previous week, as increasing production renewed worries about the global glut of crude, the U.S. dollar recovered and equity markets weakened. Brent crude futures eased 86 cents, or 1.9 percent, to settle at $44.97 a barrel. U.S. crude's West Texas Intermediate (WTI) futures declined $1.13, or 2.5 percent, to close at $43.65.
read more... 04/05/2016
Shah Deniz conglomerate grants $1.5 billion subsea production agreement
The consortium developing the second phase of Azerbaijan's Shah Deniz gas field has awarded a $1.5 billion subsea production agreement to a group involving Saipem, BOS Shelf and Star Gulf FZCO, as it stated on Tuesday.
read more... 04/05/2016