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Poland will try to find financing for its largest coal miner
Poland will try to obtain financing for European Union's biggest coal miner Kompania Weglowa and intends to switch old mines with more efficient ones, as stated on Saturday by energy minister designate Krzysztof Tchorzewski in a newspaper Gazeta Wyborcza.
read more... 17/11/2015
Record level of oil stockpiles at 3 billion barrels
Oil stockpiles have rocketed to a record level this year at around 3 billion barrels— the equivalent to more than a month’s supply of global oil consumption amid a robust production in OPEC and elsewhere, according to the International Energy Agency (IEA).
read more... 16/11/2015
Eni inks $2 billion petroleum exploration agreement in Egypt
Italian giant Eni has inked a new concession and three amendment deals with the Egyptian Government for prospective petroleum exploration.
read more... 16/11/2015
UK obtained £6 billion in fossil fuel subsidies
The UK obtained approximately £6 billion in fossil fuel subsidies between 2013 and 2014, as indicated in a new report by research organisation Oil Change International.
read more... 16/11/2015
Daily: European power prices evolve differently as demand spurred French prices
Crude oil prices decreased over 2% on Friday, prolonging the week’s decline to the largest in eight months, dragged down by largest amount of storage of crude. WTI crude fell $1.01, or 2.42 percent, to settle at $40.74 a barrel. It lost about 8 percent on the week, its most since March. Brent crude dropped 46 cents, or 1.04 percent, to close at $43.60 a barrel. For the week, Brent plunged nearly 8 percent, also its most since March.
read more... 16/11/2015