Six Polish state-controlled companies have decided to invest $620 million in a newly-established state coal mining conglomerate PGG, as they stated on Tuesday, as part of an effort to save the European Union's biggest coal miner Kompania Weglowa from insolvency.
read more... 27/04/2016
German baseload wholesale electricity price for delivery in 2017 touched 26.5 euros ($29.97) a megawatt hour in Tuesday trading, or an increase of 7.5 percent on the day and the most elevated level thus far in 2016.
read more... 27/04/2016
RWE npower will downgrade its operating hours at its 1,600 megawatt Aberthaw coal-fired power plant, the largest in Wales from April 1 next year.
read more... 26/04/2016
Bulgarian state energy company BEH has inked a 535 million euro ($602 million) bridge loan with three international banks which should be refunded by a global bond issue within a year, as stated by a senior BEH official on Monday.
read more... 26/04/2016
Oil prices lost more than 2 percent on Monday as data showed new U.S. crude stockpiles builds, while leading banks in commodities stated that the two-month long oil market hike has defied fundamentals. U.S. crude fell $1.09, or 2.5 percent, to settle at $42.64 a barrel. Last week, it reached a five-month high of $44.49. Brent declined 63 cents, or 1.4 percent, to close at $44.48. It attained a mid-November peak of $46.18 last week.
read more... 26/04/2016