Latest news
Statoil to build a new oil hub in Europe
Norway's Statoil is to build an oil terminal in the Arctic, which according to the Norwegian group could spark “a new industrial era” in the region. Norway's Minister of Petroleum and Energy, Ola Borten Moe said that Statoil ASA's plan to bring oil by pipeline from the Barents Sea to a new terminal in the country's far north could lead the way to a permanent oil hub in the Arctic.
read more... 19/02/2013
Daily: European spot power prices jump on colder weather forecasts
Brent crude oil futures settled below $118 per barrel on Monday backed by expectations of improving global growth and continuing tensions in the Middle East. Brent crude dropped 20 cents at $117.46 a barrel by 15:18 GMT after recording its first weekly loss since the first half of January. Meanwhile, U.S. crude shed 24 cents to $95.62.
read more... 19/02/2013
Romania: shale gas a priority of the country’s energy policy
In recent weeks the Romanian government is announcing changes in its move toward the exploration and extraction of unconventional gas deposits, while Prime Minister Victor Ponta has begun to talk in positive terms about shale gas, recognizing it as a priority of energy policy.
read more... 19/02/2013
How to strengthen the European carbon market
A European Commission plan to temporarily remove some permits from the oversupplied EU carbon market if agreed could pave the way for deeper reforms. These could include permanently taking away EU carbon permits from the Emissions Trading System (ETS) or tightening restrictions on how much bigger emitters can pollute. The current Commission expires in 2014, meaning time is running out for any action and the market is beginning to resign itself to a prolonged period of low prices.
read more... 19/02/2013
Daily: UK gas drops on milder weather, on oversupply
Brent and U.S. crude oil futures dropped on Friday, dragged down by bearish U.S economic data and worries about euro zone economy. Brent April crude slipped 34 cents, or 0.29 percent, to settle at $117.66 a barrel, having traded $116.28 to $118.11, posting a weekly loss of $1.24, or 1.0 percent. Meanwhile, U.S. March crude eased by $1.45, or 1.49 percent, to settle at $95.86 a barrel, having traded from $95.21 to $97.47 and posting a slight weekly gain of 14 cents.
read more... 18/02/2013