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Daily: Crude oil prices decline as Saudi cuts price for U.S. customers, soars others
Crude oil dropped by as much as $2 a barrel in the final minutes of regular trade on Monday, attaining new lows in New York as Saudi Arabia intensified price cuts for U.S. customers. Brent crude quickly turned positive on news that Saudi company Aramco had increased their monthly selling prices to Asia and Europe. Brent crude declined as low as $84.18 per barrel, but closed at $84.78. U.S. crude prices traded at its lowest level since mid-2012 as Aramco also cut its prices for U.S. customers. WTI crude hit a low of $78.14 per barrel, its lowest level since June 2012, before ending down $1.76 at $78.78.
read more... 05/11/2014
Romania: gas price deregulation delayed to 2021
The lower house of the Romanian parliament deferred on Wednesday intended deregulation of household gas prices by two and a half years to July 2021 seeking to support customers in the second poorest state of the European Union.
read more... 18/09/2014
Finland: Olkiluoto 3 nuclear reactor postponed until end of 2018
Finland's Olkiluoto 3 nuclear reactor will be postponed until the end of 2018, as stated by the construction conglomerate Areva-Siemens, evoking a discontented declaration from its customer Teollisuuden Voima (TVO).
read more... 01/09/2014
UK's Labour Party to offer Ofgem power to eliminate energy supplier licences
Britain's opposition Labour Party has promised to offer energy regulator Ofgem the authority to annul electricity and gas suppliers' licences if they constantly violate rules and harm their customers.
read more... 21/08/2014
Ofgem imposes new price controls for network operators
The UK’s energy market regulator Ofgem has imposed tougher price controls for five electricity network operators for duration of eight years, pledging to encourage investment in network upgrades and to drag down customers’ energy bills.
read more... 31/07/2014