Latest news
Elliott Waves forecast oil price at $57 the next 6 months
According to technical analysts, the crude may drop below $57 per barrel in the next 6 months.
read more... 05/07/2010
Spanish financial crisis may bring down the bidding price for Endesa
Italian Enel, the holder of 92% shares in the Spanish gas distribution grid Endesa, declared that 4 major infrastructure funds are interested in the acquisition of the Spanish company.
read more... 05/07/2010
GDF Suez intends to buy electricity from EDF at 35 Euro per MWh
GDF Suez intends to purchase nuclear-generated electricity from its rival EDF for the price as low as 35 euros per MWh, if the law forces EDF to sell a quarter of its nuclear power production.
read more... 02/07/2010
Oil prices fell on unexpected inventory increase
Oil prices decreased the second day consecutively on Wednesday after unpredicted increase in US crude and gasoline inventories, reported by an industry report.
read more... 24/06/2010
Prices for crude are pushed up by flexible yuan
The prices for crude oil jumped on Monday over $78 per barrel after Central Bank of China let the yuan fluctuate freely against the dollar.
read more... 22/06/2010