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Daily: Crude oil hits the highest level in 2015 as economic growth overtake expectations, on decline in the U.S oil rig count
Crude oil stroke the highest level for the year on Friday, with Brent crude increasing above $60 a barrel, as eurozone economic growth overtook expectations and figures showed another decline in the U.S. oil rig count. Brent rose by about $2 to settle at $61 a barrel, having touched $61.77 earlier. U.S. crude increased $1.57, or 3.1 percent, to close at $52.78 a barrel, after hitting a session peak of $53.32 earlier. Many analysts and traders consider there is a global supply glut of nearly two million barrels per day in crude oil.
read more... 16/02/2015
France and Spain will inaugurate the longest underground high-voltage cable in the world across the Pyrenees
French and Spanish power grid operators have commissioned a long-awaited underground high-voltage cable across the Pyrenees that will enhance the supply security of both countries and will allow Spain to exports its excess of renewable electricity, easing one of the worst network bottlenecks in Europe.
read more... 16/02/2015
Centrica examines final offers for UK gas plants
British utility Centrica is in the process of evaluating final offers for the gas-fired power plants it has put on sale but bids are estimated to be below the firm's target price of 500 million pounds ($767.8 million), according to sources familiar with the matter.
read more... 13/02/2015
E.ON conclude pipe and shipping agreements to export LNG from U.S.
German utility E.ON is developing its global liquefied natural gas (LNG) business after inking tanker and pipeline agreements permitting it to export from the United States, not being discouraged by fading market conditions.
read more... 13/02/2015
Bulgaria and Greece decided to accelerate work on gas connection
Bulgaria and Greece have settled to take a final investment decision by the end of May to pave the route for a gas pipeline intended at diminishing Sofia's reliance on Russian gas, as stated by Bulgaria's energy minister on Thursday.
read more... 13/02/2015