Latest news
Gazprom postpones gas pipelines to connect to Turkish line
Gazprom has told pipeline manufacturers to defer deliveries of pipes for expanding Russia's network to be linked to the suggested Turkish Stream project, as stated by an industry source on Monday.
read more... 07/07/2015
OPEC oil production rocketed to three-year high in June
The Organisation of Petroleum Exporting Countries (OPEC) oil supply has rocketed to a three year high in June due to a record breaking output from Iraq and flat exports from Saudi Arabia.
read more... 06/07/2015
RWE plans reorganization of units to cut costs
German utility RWE is thinking about a restructuring that could see units such as RWE Generation and RWE Innogy being fused or swallowed up by the parent group since it deals with an industry-wide crisis, as stated in a German newspaper on Saturday.
read more... 06/07/2015
Daily: European power prices jump on tight nuclear power, heatwave
Crude oil prices declined on Friday on increasing U.S. rig count which intensified worries of global supply glut and after Chinese regulators launched an investigation into suspected stock market manipulation. Front-month U.S. crude settled at $56.56, down 37 cents, falling below a trading range of $57 to $62 seen since early May. Brent crude for August delivery decreased by $1.75 to close at $60.32 a barrel, prolonging a downward trend since early May during which prices have slipped around 13 percent. Front-month U.S. crude stood at $55.52, down $1.41, plunging below a trading range of $57 to $62 recorded since early May.
read more... 06/07/2015
Egypt increases gas price paid to Italy’s Eni and Edison
Egypt has increased the prices it pays Eni and Edison for the natural gas they produce in the country, as stated on Sunday by an official with state-owned gas firm EGAS.
read more... 06/07/2015