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EDF’s nuclear electricity tariff stable until at least July 2015
The price EDF charges competitors for its nuclear power will stay fixed until at least July 2015 when a new tariff system will be revealed, as stated by French Energy Minister Segolene Royal on Tuesday.
read more... 05/11/2014
Daily: Crude oil prices decline as Saudi cuts price for U.S. customers, soars others
Crude oil dropped by as much as $2 a barrel in the final minutes of regular trade on Monday, attaining new lows in New York as Saudi Arabia intensified price cuts for U.S. customers. Brent crude quickly turned positive on news that Saudi company Aramco had increased their monthly selling prices to Asia and Europe. Brent crude declined as low as $84.18 per barrel, but closed at $84.78. U.S. crude prices traded at its lowest level since mid-2012 as Aramco also cut its prices for U.S. customers. WTI crude hit a low of $78.14 per barrel, its lowest level since June 2012, before ending down $1.76 at $78.78.
read more... 05/11/2014
Daily: British prompt gas prices climb on undersupplied system, colder weather
Worldwide crude oil prices reversed a hike on Monday, with Brent trading lower after a sharp increase in Saudi Arabia’s monthly export prices is expected to curb output, discouraging buyers. Brent crude posted a considerable decline, off more than $1 to settle at about $84 per barrel. Previously it had declined below $85 as a stronger dollar slapped oil and gold, commodities that are priced in the U.S. currency. U.S. crude eased more than 2 percent, settling down $1.76 at $78.78 per barrel.
read more... 04/11/2014
Poland: PGNiG agrees with Russia’s Gazprom on gas price reduction
Poland's top gas distributor PGNiG has agreed with its most important provider, Russia's Gazprom, a reduction in gas prices for the slighter supplies the Polish state-controlled firm was obtaining in September, as stated by a PGNiG official on Monday.
read more... 04/11/2014
Italy: regulator’s tariff decision upsets Snam investors
Italy's energy regulator upset investors in the country's utilities on Monday with a gas storage tariff estimation that takes into account a higher-than-anticipated rate of inflation, menacing to reduce potential profits across the sector.
read more... 04/11/2014