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Daily: European power hits the lowest level since 2010
Brent crude oil futures declined 54 cents to settle at $107.64 a barrel on Monday, in spread trading that saw the international benchmark's premium to U.S. crude narrow by nearly $1 a barrel. Meanwhile, front-month U.S. crude oil futures climbed 47 cents to settle at $87.20 a barrel on Monday, backed by news of the impending expansion of the Seaway crude oil pipeline and optimism about a deal to avert the U.S. fiscal cliff.
read more... 18/12/2012
Spain’s Garona shuts down
Spain’s oldest nuclear plant Garona, suffers shutdown due to a new energy tax imposed by the government. After years of selling power below costs, Spain’s government decided to introduce higher taxes on electricity generation as a measure to deal with a 24 billion euro energy tariff deficit.
read more... 17/12/2012
Gazprom and China to renew gas supply deal
Russian gas giant Gazprom will renew its gas supply deal with China as a high level Chinese delegation led by Prime Minister Wen Jiabao comes in Russia to progress on natural gas negotiations.
read more... 06/12/2012
Verbund and E.ON. ink an asset swap deal
The biggest Austrian energy company Verbund signed a deal with the E.ON. Renewable in Germany to acquire eight German hydro power plants located on the Inn and Danube Rivers.
read more... 05/12/2012
Daily: European power hits fresh 32-month lows
Brent and U.S. crude oil futures rose on Thursday, backed by optimism that U.S. lawmakers will reach a deal to avert a budget crisis and by intensifying tensions in the Middle East. Meanwhile, Brent crude oil futures climbed $1.25 to settle at $110.76 a barrel, while U.S. crude oil prices climbed $1.58 to settle at $88.07 a barrel on Thursday.
read more... 30/11/2012