Brent crude slipped more than $1 a barrel on Tuesday, posting its seventh consecutive decline, hitting a one-month low below $109 since Libyan oil exports from two ports were likely to resume and fears eased of supply disruption in Iraq. Brent has slumped more than 5 percent since last month, when the Iraq violence pushed up prices to a nine-month high of $115.71. Brent crude for August delivery dropped by $1.30 to settle at $108.94 a barrel, after hitting a session low of $108.69, while the U.S. benchmark crude fell 13 cents to touch $103.40, hitting an eighth consecutive day of declines.
read more... 09/07/2014
German power grid operator 50Hertz intends to make an investment of 400-500 million euros this year to build transmission connections that will convey wind power from Germany's inaccessible regions to its industrial centers to sustain its move from fossil fuels to renewable energy.
read more... 09/07/2014
Russian gas producer Gazprom declared on Tuesday its division, Tsentrgaz, had won a tender to construct the Serbian segment of the South Stream pipeline.
read more... 09/07/2014
Mannheim-based MVV Energie anticipates profits to increase next year, according to its chief executive.
read more... 08/07/2014
China's state power grid is one of two bidders for a significant stake in Italy's energy grids, but such a connection might cause problems since the Chinese and Italians both intend to purchase assets around Europe, according to sources familiar with the matter.
read more... 08/07/2014