Latest news
EDF might sell more than 6 billion euros of assets
French utility EDF is thinking about selling assets estimated at more than 6 billion euros ($6.45 billion) this year, French daily Les Echos reports.
read more... 06/01/2016
EFT begins testing first 300 MW power plant in Bosnia
UK-based trading and investment conglomerate Energy Financing Team (EFT) declared on Tuesday it had begun testing its first electricity generation facility, the 300-megawatt (MW) Stanari coal-fired power plant in northern Bosnia.
read more... 06/01/2016
Daily: Crude oil ends at 2-week low under $36 a barrel on fresh supply glut
Crude oil prices ended under $36 a barrel on Tuesday, posting their weakest settlement in about two weeks, dragged down by worries about expanding global oversupply and downbeat economic data from China. Brent crude for February delivery on London’s ICE Futures exchange eased 80 cents, or 2.2%, to settle at $36.42 a barrel. West Texas Intermediate crude for February delivery declined by 79 cents, or 2.2%, to close at $35.97 a barrel on the New York Mercantile Exchange.
read more... 06/01/2016
UK oil and gas fields set a production performance for the first time on 15 years
Britain’s oil and gas fields have boosted production for the first time in more than 15 years, according to UK’s government statistics.
read more... 05/01/2016
Daily: European power forwards at lowest levels since 2003
Oil prices declined in volatile trading, as equities market fell sharply on fears of China's sluggish economy. Previously, crude had rose 4% on Middle East tensions. Data showing a stockpile increase at the Cushing, Oklahoma delivery hub for U.S. crude futures helped reverse crude prices. Brent eased 6 cents to close at $37.22 a barrel and U.S. West Texas Intermediate futures lost 28 cents to settle at $36.76 a barrel.
read more... 05/01/2016