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Daily: European forward power prices plunge along loses in fuel, carbon prices
Oil markets increased on Friday to stop a two-day decline, aided by expectations that data later in the day would demonstrate a constant drop in the U.S. oil rig count, a clear sign of the pressure the fall in crude has put on crude producers.
read more... 20/02/2015
Hungary can utilize gas from Russian accord over next 4-5 years
Hungary will employ the remaining gas in its supply agreement with Russia over the next four to five years and like this evade having to pay 3 billion euros for the unexploited gas once the contract expires at the end of 2015, according to the Prime Minister Viktor Orban.
read more... 19/02/2015
E.ON has a purchaser for its stake in Latvian gas company
Germany's E.ON has found an acquirer for its stake of 47.2 percent in Latvian gas utility Latvijas Gaze, releasing the government from the necessity to intervene, as declared by the Baltic country's prime minister on Wednesday.
read more... 19/02/2015
Gazprom: 2015 budget to be fulfilled with oil at $40/barrel
Gazprom, Russia's gas producer owned by State, will be able to achieve its 2015 budget even with oil at $40 per barrel, as stated on Wednesday by Andrei Kruglov, the chief financial officer.
read more... 19/02/2015
Daily: Crude oil price rally stops on robust supplies estimates
Crude oil prices stopped their hike on Wednesday, with prices declining 5 percent or even more after traders and investors were awestruck by the latest estimates for U.S. supply builds that overtook nearly five times the market expectations.
read more... 19/02/2015