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Russia’s gas exports to Europe reach record high

Russia’s gas exports to Europe reached a record high in 2018 despite diplomatic tensions and the will of the European Union to reduce its dependence on Russia, Gazprom reported on Friday.

read more... 31/12/2018

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Russia retires Leningrad unit 1

Unit 1 of the Leningrad nuclear power plant has been withdrawn from service after 45 years of safe operation, Russian state nuclear corporation Rosatom has announced. It said the lead unit in the RBMK-1000 series was shut down at 11:30pm on 21 December.

read more... 28/12/2018

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Daily (26.12.2018): The German power contract plummeted by 92.6% on Monday, due to weaker demand ahead of holidays

The recent agreement between OPEC and Russia on a 1.2 million bpd production cut for 2019 could not stop the decline in crude prices on Monday, as a potential rise in U.S. interest rates and trade tensions between the world’s biggest economies weighed down on the markets. WTI crude price tumbled by 7.2% to $42.53 a barrel, while Brent oil was 6.6% down at $50.47 a barrel, or their lowest levels since August 2017.

read more... 26/12/2018

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Vestas receives 198-MW order for largest wind park in Russia

Danish wind turbine supplier Vestas Wind Systems A/S said last week it has received an order to equip a 198-MW wind farm in Russia.

read more... 26/12/2018

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Daily (14.12.2018): European year-ahead power prices surged by over 2% on Thursday, amid a bullish energy complex

Oil prices rose on Thursday after a sharp decline in U.S. crude inventories. Accordingly, WTI crude increased by 2.8% to $52.58 a barrel. Concerns over a deficit of crude in the market, following the recent agreement between OPEC and Russia on a 1.2 million bpd production cut, also contributed to a price boost. Brent crude added 2.2% to close at $61.45 a barrel.

read more... 14/12/2018

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