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IEA: Crude oil prices set to continue the slowdown trend
Crude oil prices will continue to decline due to a massive supply glut, according to the International Energy Agency (IEA).
read more... 13/07/2015
Verbund increases 2015 profit estimation, close to grid settlement
Austrian hydropower supplier Verbund increased its 2015 earnings forecast on Thursday, declaring it was close to an accord over sharing power grid costs with other Austrian utilities.
read more... 13/07/2015
Czech and Slovak gas pipeline operators will offer capacity
The Czech and Slovak gas pipeline operators intend to sell 10 percent of available transmission capacity between the two countries in monthly auctions, as they stated on Thursday.
read more... 10/07/2015
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
Greece finally assumes its €2bn gas pipeline agreement with Russia
Athens had admitted for the first time its plans to build a €2bn gas pipeline with Moscow, the so called 'Turkish Stream' in Greece, move which is like to intensify U.S. worries, as it stepped up its involvement in Greece’s debt negotiations with international creditors.
read more... 10/07/2015