Crude oil decreased 5 percent to near six-year lows before rebounding on Tuesday as some traders moved to take benefits of large storage space in the United States. Brent dropped by 84 cents to settle at $46.59 a barrel, after slipping to $45.19, its weakest level since March 2009. U.S. crude declined by 18 cents at $45.89, after striking an April 2009 low of $44.20.
read more... 14/01/2015
Italy's energy regulator upset investors in the country's utilities on Monday with a gas storage tariff estimation that takes into account a higher-than-anticipated rate of inflation, menacing to reduce potential profits across the sector.
read more... 04/11/2014
Elevated levels of natural gas in storage and reducing prices signify the majority of Europe is well-ready for winter, nevertheless a potential disruption to Russian supplies continue to be a risk for countries such as Ukraine, Bulgaria and also Britain.
read more... 10/10/2014
Serbia aims to announce an international tender to import about 2-3 million tonnes of coal to refill its sources of electricity generation since winter is close, as stated by the energy minister on Tuesday.
read more... 17/09/2014
Poland might increase storage at a new liquefied natural gas import terminal to equal half its annual consumption after observing huge interest in the market, as stated by the manager of its gas grid, since it wants to reduce reliance on Russian imports.
read more... 08/09/2014