Latest news
Daily (01.08.2017): European spot electricity prices soared by 60-70% on Monday on high air conditioning demand
Oil was slightly bullish near two-month highs on Monday, putting July 2017 to become the strongest month so far this year. Tightening U.S. market after heavy inventory falls and slower new oil rig additions supported the prices. Sentiment in the oil market is very bullish as some OPEC and non-OPEC members will meet on Aug. 7-8 in Abu Dhabi to assess compliance with production cuts. Also, the U.S. is considering imposing sanctions on Venezuela's oil sector, pushing up the prices. Brent crude rose by 0.25% to $52.65 a barrel, while WTI price rose by almost 1% to close at $50.17 a barrel.
read more... 01/08/2017
Engie's stakes in NuGen sold to Toshiba
NuGeneration is now solely owned by the Japanese electronics conglomerate Toshiba. The electronics company finished the purchase of French utility Engie’s 40% stake after it exerted its right to ask Toshiba to buy all stakes held by Engie in NuGen.
read more... 27/07/2017
Peru told to suspend talks about oil until pollution is redressed
Peru was told to cease negotiations for new oil rig in the Amazon until prior pollution was eliminated on Thursday by UN human rights experts.
read more... 14/07/2017
Daily (10.07.2017): EU carbon prices hit a new 4-month high on Friday
Oil prices ended sharply lower on Friday, toward their lowest finish in nearly two weeks, as a number of active U.S. oil rigs climbed higher, according to data from Baker Hughes released Friday. in U.S. That was combined with the weekly rise in total U.S. crude production reported by U.S. Energy Department Administration on Thursday. Brent crude fell by almost 3% to end at $46.71 a barrel, while the WTI price decreased by 2.83% to $44.23 a barrel.
read more... 10/07/2017
Norway: first offshore drilling rig using 100% onshore power to cut emissions
An offshore drilling rig will be powered entirely from electricity produced onshore which could be a world first in a move to reduce dioxide emissions.
read more... 12/06/2017