Latest news
Daily: European power prices fall as fears of Russia sanctions attenuate
Crude oil prices dropped on Wednesday, with Brent falling due to supplies glut in Europe and Asia, while U.S. crude followed the trend despite a larger-than-expected decline in national inventories. Brent crude tumbled $1.21 to settle at $106.51 a barrel. WTI crude fell 70 cents to close at $100.27 a barrel, after hitting a low of $99.90.
read more... 31/07/2014
Ofgem imposes new price controls for network operators
The UK’s energy market regulator Ofgem has imposed tougher price controls for five electricity network operators for duration of eight years, pledging to encourage investment in network upgrades and to drag down customers’ energy bills.
read more... 31/07/2014
Eni Italian workers face a strike over plants closure
Thousands of workers (about 90%) of the Italian multinational oil and gas company Eni joined to a strike call on Tuesday in an effort to save the jobs put at risk by the threatened closure or converting of some oil refiners owned by the Italian giant.
read more... 30/07/2014
Siemens to deliver turbines for the largest near-shore wind farm in Netherlands
Siemens Energy, the German manufacturer, has been awarded an agreement to supply turbines to the 144MW Westermeerwind project, the largest near-shore wind farm in the Netherlands.
read more... 30/07/2014
Daily: Brent crude climbs on fresh sanction against Russia
Brent crude closed slightly higher on Tuesday on fresh sanctions against Russia which will aggravate relations between Moscow and the West, while the U.S. prices fell after a Kansas refinery fire cut demand for WTI crude. Brent crude rose 15 cents to close at $107.72 a barrel, after oscillating between $107.13 and $108.05 earlier in the session. U.S. crude eased 70 cents to settle at $100.97 a barrel after hitting an intraday low of $100.37, the lowest level since mid-July.
read more... 30/07/2014