Latest news
Russia: Gazprom anticipates lowest gas output ever in 2014
Russia's major natural gas producer Gazprom declared on Wednesday it anticipated to produce 444.4 billion cubic metres (bcm) of natural gas this year, an unprecedented low, a drop from 487.4 bcm last year.
read more... 26/12/2014
Daily: Crude oil prices to a fresh five-year low on OPEC determination not to curb output
Brent crude oil reached a new five-year low close to $60 a barrel on Monday on OPEC’s decision not to curb output despite fears of a global oversupply. Brent for January delivery plunged to a low of $60.28 a barrel in Asian trade, down $1.57 and its weakest level since July 2009. The futures contract then rocketed to trade around $62.20 by 14:50 GMT, up 35 cents from Friday's settlement. WTI for January delivery settled at $57.50 a barrel, down 31 cents, after hitting a low of $56.25 earlier in the day - its lowest level since May 2009.
read more... 16/12/2014
Belgium will depend all winter on electricity imports
Belgium will have to import electricity every week this winter in case of cold snap and amid weak wind and solar energy output. The situation in Belgium is very tense, with the country becoming structurally dependent on imports after being deprived of several nuclear reactors.
read more... 02/12/2014
Daily: European power prices soar on strong demand due to colder weather
Crude oil prices increased by 5 percent on Monday, recovering from five-year lows, posting the largest daily gain since 2012, spurred by fears that the robust U.S. shale output criticized for the global oil oversupply is expected to shrink. Benchmark Brent crude oil rose by $2.39 to settle at $72.54 a barrel, after recording a session peak at $72.73. U.S. crude boosted $2.85 to close at $69 a barrel, after firstly plummeting to a five-year bottom at $63.72.
read more... 02/12/2014
Daily: Crude oil prices plunge on OPEC’s decision not to curb output
U.S. crude plunged 10 percent in its sharpest one-day decline in more than five years on Friday and Brent hit below $70 a barrel, dragged down by OPEC’s decision not to curb oil production made oil traders and analysts to harry in order to find another trading platform. U.S. WTI crude decreased $7.54 to close at $66.15 a barrel, and slipped further post-settlement, reaching a four-year low of $65.69. North Sea Brent declined by $2.43, or 3.3 percent, to settle at $70.15. Brent also closed down 18 percent for November for a fifth consecutive month of declines, or the longest losing strip since the 2008-2009 financial collapse.
read more... 01/12/2014