The price of completion of two new units at Slovak nuclear power plant Mochovce is expected to rise by at least another 500 million euros ($548.75 million) and the country's biggest investment faces further delays, according to a country’s minister.
read more... 20/10/2016
Crude oil prices rallied over 2 percent on Wednesday, with WTI crude reaching the highest level in 15 months after the government unveiled an unexpected large decline in stockpiles for the sixth week out seven. London-traded Brent crude rose by 99 cents, or 1.9 percent, at $52.67. U.S. WTI crude for November delivery settled up $1.31, or 2.6 percent, at $51.60 a barrel for its highest settlement since July 14. Its session high of $51.93 was the highest in 15 months.
read more... 20/10/2016
The Austrian power prices could increase if the European energy regulator ACER decides in November to split Austrian and German power markets, which have been bundled together since 2002, stated the head of Austria's energy regulator.
read more... 19/10/2016
Oil prices finished higher on Tuesday on expectations of OPEC output reduction, then continued gains in post-settlement trade after the American Petroleum Institute (API) indicated an unexpected draw in U.S. crude stockpiles last week. Brent crude rose 16 cents, or 0.3 percent, to settle at $51.68 a barrel. It climbed to as high as $52.15 after the API figures. U.S. West Texas Intermediate (WTI) crude closed the session up 35 cents, or 0.7 percent, at $50.29. In post-settlement trade, it hit $50.78.
read more... 19/10/2016
Crude oil prices ended down on Monday, dragged down by oversupply worries, with a rally in trade volume leading U.S. prices below $50, but losses were capped as U.S. shale oil production was expected to fall. Brent crude declined 43 cents, or 0.8 percent day-on-day to close at $51.52 per barrel, after hitting a session low of $51.16 a barrel. U.S. West Texas Intermediate (WTI) settled at $49.94 per barrel, down 41 cents, or 0.8 percent, after reaching a session low of $49.47.
read more... 18/10/2016