Latest news
Russia has drastically cut off gas deliveries to six EU countries
Russian President Vladimir Putin has ordered last week to the energy giant Gazprom to cut off supplies to and through Ukraine in the middle of winter, amid accusations that Ukraine had illegally siphoned off and stolen Russian gas.
read more... 19/01/2015
Daily: European coal import prices prolong their downturn trend
Global oil prices posted their largest hike in two-and-half years on Wednesday, recovering from a nearly six-year low as traders alienated from the bearish pressures of a worldwide oversupply to cover themselves on expiring options. Brent crude boosted $2.10, or 4.5 percent, to close at $48.69 a barrel, in its strongest daily percentage gain since June 2012. The benchmark reached a low of $45.19 on Tuesday, the weakest level since March 2009, amid U.S. stocks build-up and a persistent global supply glut. WTI crude oil settled at $48.48, boosting $2.59, or 5.6 percent, the biggest gain since August 2012.
read more... 15/01/2015
Poland is eyeing creating state electricity conglomerate
Poland is eyeing merging its four biggest utilities into two companies to consolidate state-controlled power producers to help them compete with larger European rivals, while supporting the country’s dwindling coal industry, according to Treasury Minister Wlodzimierz Karpinski.
read more... 15/01/2015
GDF Suez wants to double its renewable installed capacity in Europe
GDF Suez, one of the industry leaders in renewable energy investment, plans to double its power generation capacity from renewable sources in Europe over the next decade and wants to focus particularly on marine energies.
read more... 14/01/2015
Daily: European power prices boost on wind power decline
Crude oil declined 5 percent to its weakest level in nearly six years on Monday after Goldman Sachs prevented that prices would plummet further and Gulf oil producers showed no sign of slashing output. Brent slipped $2.68, or more than 5 percent, to settle at $47.43 a barrel, its third-highest one-day decline since 2011 and its lowest close since March 2009. U.S. crude decreased $2.29 to close at $46.07.
read more... 13/01/2015