Latest news
RWE to cut back its units to restructure its business
The largest power generator in Germany RWE envisages slashing its middle-management and to trim by about more than half from its 100 local subsidiaries in order to deal more promptly to the country’s energy sector revolution.
read more... 05/08/2015
Russia hopes to settle on new gas route to China in September
Russia hopes to ink a deal on natural gas supplies to China from western Siberian fields, besides the previously settled supplies from an eastern route, during President Vladimir Putin's visit to China in September, Russian Energy Minister Alexander Novak declared on Tuesday.
read more... 29/07/2015
Daily: German spot power increased, while French declined before holiday
Oil prices dropped on Tuesday since Iran and six global powers arrived at a nuclear deal that might see a reducing of sanctions against Tehran and an ongoing raise in its oil exports just as Asian economies showed more signs of weakness.
read more... 14/07/2015
Daily: Crude oil rebounds by about 3% on China stocks pick up, Iran nuclear uncertainty
Crude oil recovered sharply on Thursday from three-month lows reached previously in the week, with prices increasing about 3% as Chinese collapsing stock market picked up and oil traders remained uncertain about talks for a nuclear deal that will permit Iran to export more crude. Brent crude rose by $1.56, or 2.7 percent, to settle at $58.61 a barrel. On Monday, Brent hit a three-month low of $55.10. WTI crude settled boosted $1.13, or 2.2 percent to close at $52.78. This week's low of $50.58 was the lowest since April.
read more... 10/07/2015
Russia’s Gazprom abandons Saipem agreement on the Black Sea gas pipeline
Russia's Gazprom has cancelled a deal with Italian oil services conglomerate Saipem to construct the first connection of a gas pipeline under the Black Sea, as stated by the Russian state gas firm on Wednesday.
read more... 09/07/2015