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Daily: British prompt gas prices shrink on solid supply eclipsing demand
Brent crude oil prices dropped on Friday, but posted a modest change on the week as traders took a break from months-long rout, despite of increasing worldwide supply signs and U.S. contango structure threatened sharper losses. Brent crude for December delivery closed at $86.13 per barrel, down 70 cents for the day and 3 cents below last Friday's settlement price. Meanwhile, U.S. crude oil futures, continued to decline, with contracts for December delivery dropping $1.08 at $81.01 per barrel.
read more... 27/10/2014
OMV observes sluggish European gas market for years
Austrian energy group OMV anticipates limited growth in Europe's gas market for the rest of the decade since slow economies reduce demand, as stated by the manager of its gas business.
read more... 27/10/2014
Bosnia: drop of Russian gas flows by a third since Wednesday
Bosnia's gas flows from Russia dropped by a third from requested volumes since Wednesday, as stated by distributor BH Gas on Thursday, since the country deals with increasing demand due to declining temperatures and an overnight snow storm that cut power to approximately 5,000 households in the northwest.
read more... 24/10/2014
Daily: Crude oil prices settle up on stronger demand from China
Brent crude oil settled up almost 1 percent on Tuesday, buoyed by figures showing stronger-than-expected China demand and some technical price rebound after weeks of continuous selling. Brent increased by 82 cents to settle at $86.22 a barrel. U.S. West Texas Intermediate (WTI) crude boosted 10 cents, or 0.1 percent, at $82.81, after reaching a session peak at $84.05.
read more... 22/10/2014
Wind power could hit 2,000 GW by 2030
Installed wind power could hit 2,000 GW globally by 2030 and could meet up 19% of electricity demand, according to a report performed by a trade association and Greenpeace.
read more... 22/10/2014