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Daily: European prompt power soars on higher demand expectations

U.S. crude oil prices closed higher on Monday as traders purchased contracts to cover short positions ahead of a possible deal between U.S. political parties over how to fund the government. U.S. oil closed 39 cents higher at $102.41 a barrel, after trading as low as $101.06, while Brent crude futures ended 24 cents lower at $111.04, after dropping to $109.87.

read more... 15/10/2013

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EDF to build and operate nuclear reactors in UK

The U.K. government and Electricite de France SA are close to announcing a great deal that would see France's EDF Energy building the country's first new nuclear power station since 1995. The project could have a total cost of more than 22.4 billion dollars and would be built on the west coast of England.

read more... 14/10/2013

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Daily: European spot power declines on weaker demand, German curve tumble

Brent crude oil futures increased to about $3 per barrel, ending with their biggest gain in more than a month on Thursday, on increasing hopes for a deal to prolong funding of the U.S. government and on worries about supplies from Libya and the Middle East.

read more... 11/10/2013

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Azerbaijan inks major gas deals with European buyers

Azerbaijan inked yesterday major contracts to deliver European buyers with gas, offering them an alternative supply source to Russia.

read more... 20/09/2013

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Daily: Crude oil prices drop on Middle East conflict settlement

Global oil prices declined on Monday as U.S. and Russian officials stroke a weekend deal to take out Syria of chemical weapons, increasing investors’ confidence.

read more... 17/09/2013

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