Latest news
Daily: European power prices increased on lower wind production
Brent crude oil futures decreased below 111 dollars on Friday, due to improved supplies which counterbalanced optimism for a possible end to the U.S government shutdown. Brent oil was down 77 cents at $111.28 per barrel at 1415 GMT, while U.S. crude decreased $1.75 at $101.26 per barrel, on track for its fourth weekly decline in five weeks.
read more... 14/10/2013
Daily: European spot power declines on weaker demand, German curve tumble
Brent crude oil futures increased to about $3 per barrel, ending with their biggest gain in more than a month on Thursday, on increasing hopes for a deal to prolong funding of the U.S. government and on worries about supplies from Libya and the Middle East.
read more... 11/10/2013
China unveils a mega coal gasification project
China unveiled a mega coal gasification project which will be able to turn coal into natural gas as part of a strategy to increase energy efficiency and curb reliance on oil and gas imports.
read more... 10/10/2013
Daily: Crude oil sinks on both sides of Atlantic on U.S. budget standoff
Crude oil prices dropped on the both sides of Atlantic on Wednesday as the biggest weekly increase of U.S. crude stockpiles amplified the market’s concerns that Washington’s budget standoff would slash demand in the United States. Meanwhile, Brent crude slipped $1.10 to settle at $109.06 per barrel, after settling higher on Tuesday for a third consecutive session. U.S. oil dropped $1.88 to $101.61 per barrel.
read more... 10/10/2013
Chevron abandons the exploration of shale gas in Lithuania
U.S. oil and energy giant Chevron has announced it has decided to abandon the tender to explore shale gas in Lithuania because of the unfinished legislative base for hydrocarbon exploration in Lithuania.
read more... 09/10/2013