Germany is on the way to miss its target for offshore wind power expansion in the North Sea as expansion is not moving ahead as planned. Dutch transmission system operator Tennet stated that new offshore wind capacity in the North Sea is to be limited to 7 GW by 2023, as current targets are unrealistic.
read more... 13/11/2013
U.S. oil futures declined by more than $2 a barrel on Tuesday, recording a new four-and-a-half-month low, following speculation the U.S. Federal Reserve could ease up on its monetary stimulus program.
read more... 13/11/2013
Brent crude oil prices boosted more than $1 per barrel on Monday after Iran and six world powers decided to resume nuclear talks on November 20. Brent settled $1.28 per barrel higher at $106.40, after trading as high as $106.47. Meanwhile, U.S. crude settled 54 cents higher at $95.14 a barrel, after touching a high of $95.38. The contract breached the 10-day moving average of $95.26 in intraday trading for the first time in three weeks.
read more... 12/11/2013
Croatia's energy market operator, HROTE, and the country's transmission system operator, HOPS, signed on 7 November 2013 an agreement on cooperation in establishing Croatia's power exchange.
read more... 12/11/2013
Brent boosted by nearly $2 per barrel on Friday as traders covered short positions and expectations over the conclusion of an agreement in Geneva which could lessen sanctions against Iran. In early trade, Brent reached a four-month low, surging nearly by $2 per barrel to a high of $105.38. The contract settled $1.66 per barrel higher at $105.12 after trading as low as $102.98, the weakest level since early July.
read more... 11/11/2013