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IEA sees reduced global gas demand increase to 2021
Increase in natural gas demand will reduce to an average 1.5 percent a year worldwide through 2021, since stagnation in Europe and doubts about Chinese consumption offsets robust growth in India, as stated by the International Energy Agency (IEA) on Wednesday.
read more... 09/06/2016
Daily: European spot electricity prices firm, while forwards decline tracking weaker coal
Crude oil futures boosted on Wednesday, attaining 2016 highs above $50 a barrel and closing up for a third consecutive day on worries about sabotage oil facilities in Nigeria, although an increase in U.S. gasoline inventories amid peak summer demand could drag down prices. Brent crude rose by $1.07 to end at $52.51 a barrel. It prolonged gains in post-settlement trade, hitting $52.60 a barrel by 3:55 p.m. EDT (1955 GMT), and the highest level since October. WTI crude futures climbed 87 cents, or 1.7 percent, to close at $51.23 a barrel. The session peak was $51.34, the highest level since July.
read more... 09/06/2016
More than three in ten UK oil and gas firms plan further redundancies, survey shows
More than four in 10 of the UK’s oil and gas companies are envisaging cutting costs further amid the downturn in the industry, according to a new survey from the Bank of Scotland and Lloyds Bank Group.
read more... 08/06/2016
Five final bids emerge for German gas grid Thyssengas
German gas grid Thyssengas, owned by Macquarie, the Australian investment fund, has attracted five binding bids as the auction of the gas grid is set to close.
read more... 08/06/2016
Exxon Mobil to invest $10 bln to develop Vaca Muerta shale gas field in Argentina
Exxon Mobil Corp is envisaging investing more than $10 bn in shale projects in Argentina over the next few decades.
read more... 07/06/2016