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Daily: British prompt gas prices decline on firmer supply from Norway
Crude oil prices increased on Monday, buoyed by weaker dollar that counterbalanced pressure on prices from a supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to keep production levels, saying it would consider reducing output only if producers outside OPEC also did so. U.S. crude futures rose by 88 cents to settle at $47.45 on Monday, up 1.9 percent. Brent price boosted more than 1 percent to close up 60 cents at $55.92 per barrel.
read more... 24/03/2015
Denmark: increasing wind power will need more links
Boosting wind power further in Denmark will need to institute more international connections to aid deal with the volatility in supply from turbines, as stated by transmission system operator Energinet.dk on Friday.
read more... 23/03/2015
Bulgaria and Romania start joint tender to finish gas connection
Bulgaria started a joint tender with Romania to accomplish the much-postponed gas interconnector between the Balkan neighbours, as declared by the state owned gas network operator Bulgartransgaz.
read more... 23/03/2015
Daily: Crude oil prices settle up on dollar depreciation
Crude oil prices recovered on Friday, with Brent snapping two consecutive weeks of losses and WTI crude boosting 4 percent following dollar depreciation on interest rate uncertainty. Oil prices also received support from Iran’s ambition to strike a nuclear deal with world powers. Brent price for front-month delivery rose by 89 cents, or 4 percent, to settle at $55.32 a barrel. It posted a 1.2 percent gain on the week. U.S. crude for April delivery increased by $1.76, or 1.6 percent, to close at $45.72. It gained 2 percent on the week.
read more... 23/03/2015
Energy companies BG and Woodside will invest $1.1 billion in four Myanmar blocks
Britain's BG Group and Australia's Woodside Petroleum Ltd will make an investment of about $1.08 billion to explore for oil and gas in four blocks off the coast of Myanmar's western Rakhine state, as declared by a senior Energy Ministry official on Sunday.
read more... 23/03/2015