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Daily: European coal futures plunge at near nine-year low
Crude oil prices decreased on Wednesday, with WTI crude prices dipping at near six-year lows, after the government announced record-high stockpiles in the United States that intensified worries about the global oil glut that put pressure on the market since the last summer. Benchmark Brent crude declined $1.13, or 2.3 percent, to close at $48.47, after a session low at $48.29. U.S. crude's front-month contract dropped $1.78, or almost 4 percent, to close at $44.45 a barrel.
read more... 29/01/2015
Dropping Russian rouble drags European coal prices with it
Coal prices in Europe have fought more than other worldwide energy benchmarks this year, catching numerous traders by surprise, since increasing exports from Russia impacted on the market.
read more... 21/01/2015
E.ON to divest its Italian coal and gas generation assets in the Czech Republic
German-based power utility E.ON is planning to divest its Italian coal and gas generation assets to Czech energy company Energeticky a Prumyslovy Holding (EPH).
read more... 15/01/2015
Daily: European coal import prices prolong their downturn trend
Global oil prices posted their largest hike in two-and-half years on Wednesday, recovering from a nearly six-year low as traders alienated from the bearish pressures of a worldwide oversupply to cover themselves on expiring options. Brent crude boosted $2.10, or 4.5 percent, to close at $48.69 a barrel, in its strongest daily percentage gain since June 2012. The benchmark reached a low of $45.19 on Tuesday, the weakest level since March 2009, amid U.S. stocks build-up and a persistent global supply glut. WTI crude oil settled at $48.48, boosting $2.59, or 5.6 percent, the biggest gain since August 2012.
read more... 15/01/2015
Poland is eyeing creating state electricity conglomerate
Poland is eyeing merging its four biggest utilities into two companies to consolidate state-controlled power producers to help them compete with larger European rivals, while supporting the country’s dwindling coal industry, according to Treasury Minister Wlodzimierz Karpinski.
read more... 15/01/2015