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Russia plans to accelerate pace of oil cuts: Novak
Russian energy minister Alexander Novak said Moscow is seeking to accelerate the pace of its oil production cuts under the Opec+ agreement, but reiterated it faces operational challenges, Kallanish Energy reports.
read more... 21/01/2019
Daily (18.01.2019): European year-ahead power prices climb by over 4% on Thursday, due to colder weather
Oil prices retreated on Thursday, due to stronger U.S crude oil production and persisting concerns over trade between China and US. However, losses were limited by OPEC output cuts. Brent crude edged 0.2% lower at 61.18 USD/bbl, while WTI crude was down by 0.5% at 52.07 USD/bbl.
read more... 18/01/2019
Hitachi halts work on UK nuclear plant over financing
Japan's Hitachi suspended its major nuclear power station project in the U.K. over financing, the company announced Thursday.
read more... 18/01/2019
PGNiG to explore for oil and gas in UAE
Polish oil and gas company PGNiG SA has signed an agreement with the emirate of Ras al Kaimah, UAE, to explore for and produce hydrocarbons in the Block 5.
read more... 18/01/2019
RWE to spend EUR 1.5bn annually on renewables
German energy group RWE AG intends to invest about EUR 1.5 billion (USD 1.7bn) in renewables each year to grow an already imposing portfolio, to be formed through the pending merger of assets held by Innogy SE and E.on SE.
read more... 18/01/2019