Latest news
Daily: European prompt power prices diverge, with German down, French up
Crude oil futures touched four-month lows on Monday after a sharp decline in China’s stock markets which intensified worries about the economic health of the largest energy consumer in the world, while data showed a growing crude glut. Brent crude oil slipped $1.15, or 2 percent, to close at $53.47 a barrel. U.S. crude dropped 75 cents, or 1.6 percent, to settle at $47.39.
read more... 28/07/2015
UK government sets out new rules for shale gas fracking in protected areas
The UK government has unveiled areas to be excluded from underground fracking activities, while a DECC’S new draft regulations has identified certain areas including national parks, areas of outstanding national beauty, the broads and world heritage sites, where hydraulic fracking will be permitted only below 1,200m, to preserve groundwater. Drinking water is not normally found below 400m.
read more... 20/07/2015
ELMU-ÉMÁSZ accesses the Hungarian natural gas market
At the beginning of July, RWE’s Hungarian unit ELMÜ- ÉMÁSZ gets into the Hungarian gas market. ELMU-ÉMÁSZ wants to attain a market share of 10-15% in the next years in the gas market among small and large industrial clients.
read more... 14/07/2015
Daily: British prompt gas prices edge up on weaker supply from Norway, cooler weather
WTI crude oil futures declined over 1 percent on Wednesday after an unexpected increase in inventories, while gasoline jumped on bets for strong fuel demand during the peak summer driving season. Brent rose 20 cents, or 0.4 percent, to settle at $57.05. U.S. crude's front-month contract fell 68 cents, or 1.3 percent, to close at $51.65 a barrel. It had slipped on Tuesday to touch $50.58, its weakest level since April 8.
read more... 09/07/2015
Germany abandons coal agreement after months of wrangling
Germany has abandoned plans for a tax on coal-fired power plants but will diminish brown-coal electricity generation to maintain its 2020 carbon-reduction targets, as stated by coalition leaders on Thursday.
read more... 03/07/2015