Crude oil decreased 5 percent to near six-year lows before rebounding on Tuesday as some traders moved to take benefits of large storage space in the United States. Brent dropped by 84 cents to settle at $46.59 a barrel, after slipping to $45.19, its weakest level since March 2009. U.S. crude declined by 18 cents at $45.89, after striking an April 2009 low of $44.20.
read more... 14/01/2015
Two separate Norwegian gas outages will be larger than earlier anticipated, diminishing export capacity by over a tenth, as stated by gas system operator Gassco on Sunday.
read more... 12/01/2015
Norway's gas production dropped by 13 million cubic metres per day (mcm) on Tuesday since Kollsnes gas processing plant, the country's largest, was closed on Monday because of external electricity supply loss, as stated by Norwegian gas system operator Gassco on Tuesday.
read more... 23/12/2014
Crude oil prices settled higher on Tuesday, with Brent closing just above $86 a barrel after two consecutive days of losses, pushed by a weaker dollar and a rally on Wall Street. Brent increased by 20 cents at $86.03 a barrel, while U.S. crude rose 42 cents to settle at $81.42 a barrel, after hitting a more than two-year low of $79.44 on Monday. Oil rose after riding a late soaring in U.S. inventories, buoyed by encouraging corporate earnings.
read more... 29/10/2014
Britain’s power network operator National Grid has submitted by a year a plan to tap supplementary electricity capacity over the winter after a number of unpredicted plant outages.
read more... 02/09/2014