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Daily (28.02.2019): WTI futures hiked by 2.6% on Wednesday, amidst a sharp drop in U.S. crude stockpiles
Oil prices climbed on Wednesday after U.S. data showed a sharp drop in crude stockpiles. Moreover, OPEC continues to cut oil supplies. Brent oil surged by 1.8% to 66.39 USD/bbl, while WTI futures was 2.6% up at 56.94 USD/bbl.
read more... 28/02/2019
Romania’s market regulator green lights natural gas cap
Romania's National Regulatory Authority for Energy - ANRE approved on February 27 the methodology (secondary legislation) on regulating the gas price according to the Government's emergency ordinance (OUG) 114/2018.
read more... 28/02/2019
E.on, Engie, EDPR to bid together in Dunkirk offshore wind tender
German energy group E.on SE is joining the consortium of France’s Engie and EDP Renewables to bid in the Dunkirk offshore wind tender.
read more... 28/02/2019
Powerchina eyes construction of coal-fired power plant in Serbia
China's Power Construction Corporation (Powerchina) is interested in the construction of the Stavalj coal-fired power plant in Serbia, the vice president of its subsidiary Sichuan Electric Design and Consulting (SEDC), Zhong Xiaoping, has said.
read more... 28/02/2019
Daily (27.02.2019): Brent crude rebounded on Tuesday on OPEC’s strong commitment to continue production cuts
Crude oil prices resumed their upward trend on Tuesday, stimulated by OPEC’s intention to proceed with production cuts until inventories will decrease to their five-year average, despite President Trump’s recent tweet. U.S. Sanctions on Venezuela and the official decision to restart Libya’s largest oilfield, EL Sahara, also lent support to prices. Brent oil rose by 0.7% to $65.21 a barrel. Meanwhile, WTI futures struggled to pare earlier losses in a stabilizing market, settling at $55.50 a barrel.
read more... 27/02/2019