Latest news
France: Southern gas trading hubs will unite on April 1
The two gas trading hubs in the south of France will fuse on April 1, as stated by power trading group Powernext on Tuesday, denoting a first step towards an integrated French gas platform intended at preventing the big price swings presently seen in the market.
read more... 25/02/2015
German RWE to invest in the seventh wind power project in Poland
RWE Innogy, the renewable arm of Germany utility RWE, has invested in the seventh wind farm in Poland and expects to connect this project to the country’s electricity grid by the end of this year.
read more... 14/01/2015
Daily: European power prices boost on wind power decline
Crude oil declined 5 percent to its weakest level in nearly six years on Monday after Goldman Sachs prevented that prices would plummet further and Gulf oil producers showed no sign of slashing output. Brent slipped $2.68, or more than 5 percent, to settle at $47.43 a barrel, its third-highest one-day decline since 2011 and its lowest close since March 2009. U.S. crude decreased $2.29 to close at $46.07.
read more... 13/01/2015
Daily: Oil strikes the lowest level since April 2009 on U.S. oil rig figures
Global oil markets resumed their decline on Friday, with Brent and U.S. crude striking lows lastly seen in April 2009 and closing down for a seventh consecutive week. Brent crude broke below $49 a barrel but settled above the $50 support level after oil services firm Baker Hughes announced the sharpest drop in 24 years in the number of U.S. oil drilling rigs. Brent crude declined 85 cents to close at $50.11 a barrel, after slipping previously to $48.90. WTI crude fell 43 cents to settle at $48.36, having touched $47.16 earlier.
read more... 12/01/2015
UK: BP confirms oil production from Kinnoull field in Central North Sea
UK’s oil major BP unveiled the start of oil production from Kinnoull field in the central North Sea, marking BP’s seventh and final major upstream project start-up in 2014.
read more... 05/01/2015