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Daily (26.10.2017): German spot power prices boosted by lower wind generation and colder weather
Oil stabilized on Wednesday close to a four-week peak after major exporter Saudi Arabia stated that it was determined to stop a supply glut that has influenced the market for three years. Brent crude futures rose 11 cents, or 0.20%, to end at $58.44 a barrel. Meanwhile, U.S. West Texas Intermediate crude traded 0.6% down at $52.27.
read more... 26/10/2017
Daily (31.07.2017): Oil prices jumped by 2% on Friday
Oil prices edged higher on Friday. U.S. crude and gasoline inventories fell higher-than-expected and the world's biggest oil exporter Saudi Arabia declared it would further reduce oil production in August. Brent crude jumped by 2% to $52.52 a barrel, while WTI price rose by 1.37% to close at $49.71 a barrel.
read more... 31/07/2017
Saipem designated to build offshore LNG platforms in the Arctic
Russia’s Novatek is planning on surpassing Qatar, the world’s leading exporter in LNG, with the help of Italy’s Saipem, which is expected to be assigned to build LNG platforms on the Gydan Peninsula in the Arctic.
read more... 18/07/2017
RTE: France has enough electricity supply for summer to meet demand
France will produce enough power during the summer to meet demand, even during continued heat waves, and will remain a net power exporter, as stated by electricity grid network operator RTE on Tuesday.
read more... 06/06/2017
Daily (06.06.2017): UK spot gas price dropped by 1.9% on oversupply
Oil prices dropped on Monday on worries that that the cutting of connections with Qatar by the most important crude exporter Saudi Arabia and other Arab states might hamper a global accord to reduce oil production.
read more... 06/06/2017