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Daily: European prompt power prices fall on strong wind supply, lower consumption
Brent crude recovered on Tuesday after a 5-year low and U.S. crude also rebounded as players were looking for a viable price for oil in a market chased by supply glut worries. Brent increased 65 cents, or 1 percent, to settle at $66.84 a barrel. U.S. crude rose 77 cents to close at $63.82 a barrel, after having fluctuated between a high of $64.20 and low of $62.25.
read more... 10/12/2014
Russia’s Gazprom to institute new firm for gas pipeline to Turkey
Russian state gas group Gazprom declared on Monday it would establish a company to construct a gas pipeline to Turkey, days after President Vladimir Putin made known the new project.
read more... 09/12/2014
Britain: the bill for decommissioning nuclear will be higher next year
Britain's Nuclear Decommissioning Authority (NDA) anticipates spending 3.3 billion pounds on closing and cleaning up nuclear plants in 2015/16, a little bit more than in 2014/15, it mentioned on Monday in a draft business plan to 2018.
read more... 09/12/2014
Daily: Oil slumps 4% to five- year low on Wall Street, Kuwait predictions of a deeper price decline
Crude oil dipped 4 percent to fresh five-year lows on Monday, as Wall Street expectations of a considerable price decrease next year and a Kuwait forecast for a crude price of $65 set off one of the largest declines this year. Brent for January delivery slipped $2.88, over 4 percent, to close at $66.19 a barrel, the third-largest one-day percentage slump this year and its weakest settlement price since October 2009. U.S. crude eased 4.2 percent or $2.79 to close at $63.05 a barrel, its lowest level since July 2009.
read more... 09/12/2014
Estonia purchases first gas from Lithuania, bypassing Russia
Estonia obtained its first natural gas from Lithuania, through Latvia, last week in a move which diminishes its energy reliance on Russia, as stated by Latvia's gas grid operator Latvijas Gaze on Monday.
read more... 09/12/2014