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European Investment Bank will offer €50 million for the construction of nine wind parks in Spain

The European Investment Bank (EIB) alongside with the Investment Plan for Europe, has inked a €50 million loan accord to fund a wind power project developed by the Spanish company Forestalia Renovables.

read more... 03/05/2018

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Daily (02.05.2018): Brent crude dropped by 2.7% on Tuesday due to geopolitical worries

Oil prices declined on Tuesday as the dollar stayed near a four-month peak, but concerns that U.S. President Donald Trump will pull out of the Iran nuclear agreement underpinned the market. Brent crude fell $2.04 cents, or 2.7%, to end at $73.13 a barrel. WTI futures lost $1.32, or almost 2%, to settle at $67.25 a barrel.

read more... 02/05/2018

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Daily (01.05.2018): German year-ahead power price rose by 1.3% to new peak on Monday due to higher coal prices

Oil prices surged on Monday, recovering after early losses as Israeli Prime Minister Benjamin Netanyahu announced that Iran lied about its nuclear capabilities. Brent crude gained 53 cents, or 0.7%, to close at $75.17 a barrel. WTI futures added 0.47 cents, or 0.7%, to settle at $68.57 a barrel.

read more... 01/05/2018

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Russia's Gazprom announces sea part of TurkStream first segment finished

Russia’s Gazprom announced on Monday it had finalized the sea portion of the first segment of the TurkStream offshore gas pipeline across the Black Sea.

read more... 30/04/2018

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Iran wants to form common oil company with Azerbaijan

Iran wishes to create a joint oil firm together with Azerbaijan. Amir Hossein Zamaninia, the Islamic Republic’s Deputy Oil Minister for International and Commercial revealed that the company will be formed within the framework of an agreement recently inked between the two parties.

read more... 30/04/2018

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