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Daily: European prompt power prices tumble on stronger supply, nuclear reactor return
Crude oil prices curbed losses to close slightly higher on Monday as a short-covering ahead of the front-month contract expiration in U.S crude spurred the market weakened by concerns about increasing gasoline stockpiles. Initially, oil prices were also influenced by worries about the potential fallout from the Greek debt crisis, counterbalancing positive impact from a stockpile draw at the Cushing, Oklahoma. Brent crude rose by 32 cents, or 0.5 percent, to settle at $63.34 a barrel, after easing almost $1 earlier. WTI crude boosted 7 cents, or 0.1 percent, to close at $59.68 a barrel, as its front-month July contract expired.
read more... 23/06/2015
Greece and Russia will collaborate on Turkish Stream pipeline
Greece and Russia inked a memorandum on Friday on enlarging the planned Turkish Stream gas pipeline to Europe via Greek territory, with financing coming from Russia.
read more... 22/06/2015
UK government to halt prematurely financial support for onshore wind
The British government unveiled it will end Renewables Obligation (RO) subsidy regime for new onshore wind power projects from April 2016, a year ahead than originally planned.
read more... 22/06/2015
Daily: Crude oil declines by 2 percent on Greek fiscal crisis concerns
Crude oil decreased by about 2 percent on Friday, the first fall after three days of gains, as concerns about the Greek fiscal crisis, lower oil products prices and pre-weekend profit taking undermined the market. Brent crude declined by $1.24, or 1.9 percent, to close down for the first time since Monday at $63.02 a barrel. U.S. crude eased 84 cents, or 1.4 percent, to settle at $59.61.
read more... 22/06/2015
Veolia obtained a contract to run Guinea’s state electricity company
France's Veolia has obtained a contract to run Guinea's struggling state-owned electricity company, in an agreement likely to unlock more than $1 billion in investment, as shown in a government document.
read more... 22/06/2015