Latest news
Kuzbassrazrezugol to reduce coal production by 2.3 million tonnes in 2015
Russian coal miner Kuzbassrazrezugol will reduce its output by 2.3 million tonnes in 2015 because of unfavorable international market conditions, as stated by the company.
read more... 18/11/2014
Ukraine should purchase coal from Russia to pass through winter
Ukraine will be obliged to purchase coal from Russia to pass through the winter, a serious hold up to the country's efforts to reduce energy reliance on its influential neighbor, as stated by Ukrainian Energy Minister Yuri Prodan on Wednesday.
read more... 14/11/2014
Daily: European power prices increase tracking gains in coal and carbon prices
WTI crude oil reversed earlier gains on Monday, dropping more than $1 and Brent crude also declined as U.S. dollar rally outweighed concerns about conflicts in Libya and Ukraine. U.S. front-month crude futures slipped as low as $77.20 before settling at $77.40 per barrel, down $1.25. Brent crude also closed down more than $1 per barrel at $82.34.
read more... 11/11/2014
Czech company EPH acquires Eggborough power plant in Britain
Czech energy firm EPH has decided to acquire the Eggborough coal-fired power plant from Eggborough Power Limited, making its first purchase in Britain as part of a growth drive, as stated by Czech company on Wednesday.
read more... 06/11/2014
Daily: European coal prices plunge to more than 7-year low on supply glut
Crude oil prices climbed on Wednesday, with Brent recovering from a four-year low, as traders reacted to gossip of a pipeline explosion in Saudi Arabia and upbeat news related to U.S. crude inventories. Benchmark Brent oil settled up 13 cents at $82.95 a barrel. U.S. WTI crude rebounded $1.49 to settle at $78.68 a barrel.
read more... 06/11/2014