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Daily: European prompt power prices dragged down by stronger renewables output
Crude oil prices rose as much as 2 percent on Tuesday, before slashing most of their gains in post-settlement trade after figures indicating a considerable increase in U.S. crude inventories already at record high levels. Brent, the global benchmark for crude, increased by 4 cents at $36.61, after trading in the negative earlier. It had climbed 24 cents, or 0.6 percent, to settle at $36.81. WTI crude edged 14 cents up, or 0.4 percent, at $33.89 a barrel by 5:17 p.m. EST (2217 GMT). It had closed up 65 cents, or 2 percent, at $34.40 a barrel.
read more... 02/03/2016
UK: Avonmouth LNG storage site will halt operations
A Liquefied Natural Gas (LNG) storage facility close to Briston will permanently halt operations in the next two months.
read more... 02/03/2016
Ukraine: increase of gas reserves by 22% year-on-year
Ukraine is coming out of the 2015/16 winter with approximately 10 billion cubic metres (bcm) in gas reserves, or an increase of 22 percent from 8.17 bcm a year earlier, according to a transport monopoly Ukrtransgaz on Monday.
read more... 01/03/2016
Scottish Power envisages expanding the Cruachan hydro power station to store renewable energy
Scottish Power envisages to more than doubling the size of a hydro-electric power station built inside a mountain, helping to stock renewable energy.
read more... 01/03/2016
Petrobras secures a $10 billion loan from China
Brazil’s state-controlled oil producer Petroleo Brasileiro (Petrobras) has secured a $10 billion loan from China Development Bank Corp to help pay most of its 2016 debt.
read more... 01/03/2016