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Daily (21.09.2018): German spot electricity price plunged by 30% on Thursday, on forecasts for higher wind generation

Oil crude futures dropped on Thursday, as President Donald Trump urged Organization of the Petroleum Exporting Countries to reduce prices. Brent crude was 0.9% down at $78.70 a barrel. WTI crude lost 1.1% to 70.32 a barrel, despite a draw in inventories.

read more... 21/09/2018

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Cuadrilla to start fracking in the UK within weeks

Cuadrilla has announced it will start fracking at its sites in Lancashire “in the next few weeks”.

read more... 21/09/2018

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Romania’s pit coal reserves are enough for 104 years but their exploitation is economically inefficient

Romania’s pit coal resources would be sufficient for 104 years, but their exploitation is impossible, being economically inefficient, so that four of the five groups in Deva will be closed down, show the draft of Romania’s Energy Strategy 2018 – 2030.

read more... 21/09/2018

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Paks II building work to start soon, says Russian president

Construction of two new units at the Paks nuclear power plant in Hungary is expected to start soon, Russian President Vladimir Putin said during a press conference in Moscow on 18 September, following his talks with Hungarian Prime Minister Viktor Orbán.

read more... 21/09/2018

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Daily (20.09.2018): NBP gas prices surged by more than 2% on Wednesday, due to increased demand

Oil prices gained additional ground on Wednesday, due to falling U.S. stocks and on concerns over global supplies, as sanctions imposed on Iranian exports will be implemented on 4’th of November. Brent crude edged 0.5% higher at $79.40 a barrel. WTI crude added 1.8% to $71.12 a barrel.

read more... 20/09/2018

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