Crude oil prices plunged on Friday with European Brent sinking below $111 a barrel on expectations of stronger exports from Libya and more U.S. crude soon finding its way to refiners, but losses were capped by optimistic economic data showing a higher demand outlook.
read more... 07/07/2014
Romanian state-owned power grid operator Transelectrica intends to make an investment of 5.3 billion lei ($1.65 billion) to improve its power network by 2023, as stated by the company on Thursday.
read more... 04/07/2014
French utility GDF Suez declared it signed a power and water accord with the Abu Dhabi Water and Electricity Company for a period of 25 years, since it aims to capitalize on increasing demand in the area.
read more... 04/07/2014
Low wholesale power prices will make Europe's utilities suffer, corroding their revenues until the end of the decade since increasing renewable production and low demand integrate, according to the rating agency Moody on Wednesday.
read more... 03/07/2014
Crude oil prices plunged slightly on Tuesday as worries about supply disruptions due to the clashes in Iraq and Ukraine attenuated, whereas oil prices gained some support from optimistic manufacturing data in China. Brent crude dropped by 7 cents to close at $112.29 a barrel, the weakest settlement price since June 12, while U.S. oil declined by 3 cents to end at $105.34 a barrel, also the lowest level since June 12.
read more... 02/07/2014