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Average price of Russian gas set to plummet by up to 35% this year
The price of Russian gas supplied to most of the European countries and Turkey could plummet by up to 35% in 2015, tracking lower oil prices, according to Russian newspaper Vedomosti.
read more... 16/02/2015
Daily: Crude oil hits the highest level in 2015 as economic growth overtake expectations, on decline in the U.S oil rig count
Crude oil stroke the highest level for the year on Friday, with Brent crude increasing above $60 a barrel, as eurozone economic growth overtook expectations and figures showed another decline in the U.S. oil rig count. Brent rose by about $2 to settle at $61 a barrel, having touched $61.77 earlier. U.S. crude increased $1.57, or 3.1 percent, to close at $52.78 a barrel, after hitting a session peak of $53.32 earlier. Many analysts and traders consider there is a global supply glut of nearly two million barrels per day in crude oil.
read more... 16/02/2015
France and Spain will inaugurate the longest underground high-voltage cable in the world across the Pyrenees
French and Spanish power grid operators have commissioned a long-awaited underground high-voltage cable across the Pyrenees that will enhance the supply security of both countries and will allow Spain to exports its excess of renewable electricity, easing one of the worst network bottlenecks in Europe.
read more... 16/02/2015
EEX expects growth in Italian gas and electricity trading
The European Energy Exchange (EEX) anticipates Italy's energy trading market to develop and intends to launch gas contracts there since more firms transfer from bi-lateral supply agreements to market alternatives, as stated by its chief executive on Wednesday.
read more... 12/02/2015
EDF 2014 net profit increased by 5.2% on strong nuclear production
French power utility EDF declared on Thursday net income increased by 5.2 percent to 3.70 billion euros since production at its nuclear plants surpassed projections and despite a drop in electricity consumption because of mild weather.
read more... 12/02/2015