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Eni and Rosneft signed agreements on oil supplies to Europe
Russia's Rosneft, the world's top listed oil producer, and Italy’s Eni have signed an agreement regarding oil supplies to European refineries. The new strategic accord was signed amid increased cooperation and growing trades between Russia and Italy. Under the terms of the deal, Rosneft would furnish something like 1 million tonnes of oil to Eni's refineries, while Eni would supply 400,000 tonnes.
read more... 03/12/2013
Daily: Brent crude hovers near $111, likely to hit biggest gain since August
Brent crude posted a slight increase on Friday and was expected to register the largest monthly gain since August as prolonged conflicts in Libya kept supply disruption in the spotlight.
read more... 02/12/2013
Europe: Renewables share in power generation set to increase by 40% in 2020
The renewables’ contribution in Europe’s generation capacity is expected to increase to at least 40% by 2020, overtaking the capacity supplied by coal, natural gas and oil, declared the region’s grid operators group Entsoe.
read more... 29/11/2013
Daily: UK spot gas surges on Norwegian gas supply outage
Brent crude futures traded above $111 a barrel on Thursday on worries OPEC member Libya isn't close to increase output as winter oil demand jumps, while a bigger-than-expected rise in US crude stock kept the gains under control.
read more... 29/11/2013
German coalition to reform the renewable energy law in 2014
German Chancellor Angela Merkel’s conservatives and the centre-left Social Democrats (SPD) concluded a coalition deal envisaging curbing the growth of renewables and reforming the current controversial renewable support scheme in order to limit the increase of electricity bills to consumers by next summer, giving big utilities more time to adapt their business models.
read more... 29/11/2013