Latest news
Daily (21.02.2019): Oil prices hit new peaks on Wednesday, due to OPEC-supply cuts and US sanctions against Iran and Venezuela
Oil prices firmed on Wednesday, supported by output cuts from OPEC, U.S. sanctions against Iran and Venezuela, as well as strong equity markets. However, the sluggish global economic outlook could further weigh on prices. As a result, Brent crude climbed by 1% to 67.08 USD/bbl, while WTI futures rose by 1.9% to 57.16 USD/bbl.
read more... 21/02/2019
Europe installs 11 GW of solar in 2018, incl 8 GW in EU
The European Union has achieved a 36% year-on-year increase in solar installations last year, with about 8 GW connected to the grid compared to 5.9 GW in 2017, statistics by SolarPower Europe show.
read more... 21/02/2019
Bulgaria OKs transfer of 20% of offshore block exploration rights from Shell to Repsol
Bulgaria's government said on Wednesday it approved the transfer of 20% of the exploration rights on offshore Block 1-14 Khan Kubrat, in the country's sector of the Black Sea, to Repsol Bulgaria Khan Kubrat from Shell International Exploration and Development Italia.
read more... 21/02/2019
TANAP marks 1 bln cubic meters gas milestone to Turkey
The Trans Anatolian Natural Gas Pipeline Project (TANAP) transferred more than one billion cubic meters of natural gas to Turkey since its launch at the end of June 2018, Azerbaijan's President Ilham Aliyev announced Wednesday.
read more... 21/02/2019
Daily (20.02.2019): The German spot power price jumped by over 10% influenced by weaker wind power production
After hitting 2019 highs, oil prices calmed on Tuesday, as concerns about global crude oil demand, and uncertainty around U.S.-China trade talks, counterbalanced OPEC’s supply cuts and U.S. sanctions on Venezuela and Iran. Brent crude settled 0.1% lower at 66.45 USD/bbl, whereas WTI futures inched up by 0.1% to 56.09 USD/bbl.
read more... 20/02/2019