Latest news
Daily (01.05.2018): German year-ahead power price rose by 1.3% to new peak on Monday due to higher coal prices
Oil prices surged on Monday, recovering after early losses as Israeli Prime Minister Benjamin Netanyahu announced that Iran lied about its nuclear capabilities. Brent crude gained 53 cents, or 0.7%, to close at $75.17 a barrel. WTI futures added 0.47 cents, or 0.7%, to settle at $68.57 a barrel.
read more... 01/05/2018
Russia's Gazprom announces sea part of TurkStream first segment finished
Russia’s Gazprom announced on Monday it had finalized the sea portion of the first segment of the TurkStream offshore gas pipeline across the Black Sea.
read more... 30/04/2018
Iran wants to form common oil company with Azerbaijan
Iran wishes to create a joint oil firm together with Azerbaijan. Amir Hossein Zamaninia, the Islamic Republic’s Deputy Oil Minister for International and Commercial revealed that the company will be formed within the framework of an agreement recently inked between the two parties.
read more... 30/04/2018
Finland plans to completely phase out coal by 2029
Finland’s environment minister declared the country would prohibit the use of coal in energy production in 2029. The Finnish government is also looking for a large-scale subsidy programme that will reward energy companies for abandoning fossil fuel before the expected time frame, as stated by EURACTIV.
read more... 30/04/2018
Daily (30.04.2018): UK gas prices rose on Friday on forecasts for higher consumption and lower temperatures
Oil prices edged lower on Friday on supply fears as the United States could reintroduce sanctions against Iran. Brent futures fell 10 cents, or 0.1 percent, to end at $74.64 a barrel. WTI crude was 0.1% down at $68.10 a barrel.
read more... 30/04/2018