Latest news
Israel inks agreement for $1.1 billion thermo-solar power plant
Israel inked an agreement to construct a 4 billion shekel ($1.05 billion) thermo-solar power plant in the country's south, intended at increasing electricity production from green energy sources, as stated by the Finance Ministry on Sunday.
read more... 20/07/2015
Polish miner KW affected by crisis needs investors by end-August
Kompania Weglowa (KW), the European Union's largest coal miner which is on the edge of insolvency, has to find investors by the end of August, as stated by its chief executive on Thursday.
read more... 17/07/2015
Ukraine to receive a $300 mln loan from EBRD to secure its gas supply
The European Bank for Reconstruction and Development is considering the provision of trade finance loan of up to $300 million to Ukrainian state energy firm Naftogaz to purchase gas on the European market.
read more... 17/07/2015
Daily: Crude oil futures diverge, with Brent up on British outage
Front-month Brent crude prices jumped on Thursday after a power outage cut production at Britain’s largest oil field and as the August contract was close to expiration. U.S. crude futures declined after giving up gains reacting to data from industry intelligence firm Genscape showing stronger crude stockpiles at the Cushing, Oklahoma hub. Expiring Brent August crude boosted 46 cents to close and go off the board at $57.51 a barrel, having touched $58.21. September Brent crude dropped 20 cents to hit $56.92, off its $58 intraday peak. U.S. crude for August delivery eased 50 cents to settle at $50.91, having fluctuated from $50.34 to $52.71.
read more... 17/07/2015
French minister limits EDF electricity price increases again
French Energy Minister Segolene Royal limited an intended increase in household power prices on Thursday, overruling regulatory endorsements designed to compensate electricity supplier EDF for earlier controls.
read more... 17/07/2015