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EDF 2014 net profit increased by 5.2% on strong nuclear production
French power utility EDF declared on Thursday net income increased by 5.2 percent to 3.70 billion euros since production at its nuclear plants surpassed projections and despite a drop in electricity consumption because of mild weather.
read more... 12/02/2015
Daily: European forward power prices soar to six-week highs on higher gas, carbon prices
Crude oil prices tumbled declined for the first time in four sessions on Tuesday after the International Energy Agency (IEA) warned that solid supplies will increase global stockpiles before investments cuts started to considerably sap production. Brent crude for March delivery dropped by $1.91, or 3.3 percent, to settle at $56.43 a barrel, having slipped as low as $56.11. WTI March crude futures fell $2.84, or 5.37 percent, to close at $50.02 a barrel, after declining to $49.86.
read more... 11/02/2015
Daily: Brent crude settles up on uncertainty after Saudi king’s death
Brent crude increased on Friday supported by market uncertainty over the future Saudi oil production following the death of King Abdullah bin Abdulaziz, placing renewed focus on the kingdom’s oil policy. Meanwhile, WTI crude declined on signs of supply glut. Brent crude inched up 27 cents to close at $48.79 a barrel, while U.S. crude dropped 72 cents to settle at $45.59.
read more... 26/01/2015
Italian oil giant launches output in Gulf of Mexico
An Italian oil and gas giant has launched production in the Gulf of Mexico, as it stated.
read more... 22/01/2015
Daily: European forward power prices rally to a four-session high
Global oil prices pared a two-day loss and increased by about 2 percent on Wednesday on expectations that prices will rebound as energy companies slashed production investment to ease an oversupply that erased more than half crude’s value since June. Brent crude boosted $1.04 to settle at $49.03 a barrel, while WTI crude climbed $1.31 to close at $47.78 a barrel.
read more... 22/01/2015