Latest news
Daily (24.01.2019): British spot gas price rose by 2% on Wednesday due to an undersupplied system
Oil prices pared earlier gains on Wednesday as worries over slowing world economic growth weighed on the markets. U.S. Energy Information Administration voiced expectations for increasing shale output, which put additional pressure on prices. On the other side, China and Japan indications to use stimulus measures to boost growth, alongside with OPEC-led output cuts, limited losses. Consequently, Brent crude edged 0.6% down at $61.14 a barrel, while WTI futures lost 0.7% to close at $52.62 a barrel.
read more... 24/01/2019
France mulls converting Cordemais coal power generators to biomass
The French government and utility EDF will study the possibility of converting the 1.2 gigawatts (GW) Cordemais coal power generators to burn biomass due to its importance in guaranteeing security of supply, the energy ministry said on Tuesday.
read more... 24/01/2019
German offshore wind hits 6.4 GW, industry calls for at least 20 GW by 2030
Several industry associations in Germany are calling for an offshore wind capacity goal of at least 20 GW by 2030 and a special tender for no less than 1,500 MW in the first quarter of 2019.
read more... 24/01/2019
PGNiG: Fiftieth LNG cargo arriving to Poland
On Sunday, January 27th 2019, PGNiG Polish Oil and Gas Company will receive another load of liquefied natural gas. It will be the 50th delivery to the President Lech Kaczyński LNG Terminal in Świnoujście. Thus the total LNG volume purchased so far by PGNiG will amount to approximately 5.7 bcm after regasification.
read more... 24/01/2019
Daily (23.01.2019): European carbon prices up by nearly 3% on Tuesday to hit 3-week peaks
A downward trend was noticed in the oil markets on Tuesday, as persistent worries over Chinas’ economic slowdown and its potential negative impact on oil demand weighed on prices. IMF’s warning about increased risk of slowing global growth in the context of U.S.-China trade dispute put more pressure on prices. Consequently, Brent crude lost nearly 2% to settle at $61.50 a barrel. At the same time, WTI futures declined by 2.1% to $53.01 a barrel.
read more... 23/01/2019