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Daily: European power forward prices plunge to two-month lows due to low fuel prices
Crude oil prices declined 5 percent on Monday to hit their weakest level since January, dragging down global benchmark Brent below $50 a barrel as weak factory activity in China dipped a commodity-wide rout. Brent crude closed down $2.69, or 5.2 percent, to touch $49.52 a barrel. U.S. crude dropped $1.95, or 4.1 percent, to hit $45.17, just about $3 above its 2015 bottom.
read more... 04/08/2015
Moscow and Ankara agree on 10.25% gas discount for Turkey
Russian Energy Minister Alexander Novak has unveiled that Russian state-run company Gazprom and Turkish state-owned pipeline firm BOTAS have agreed on a 10.25 percent discount concerning natural gas prices, adding that it still in negotiations with Ankara on TurkStream pipeline.
read more... 03/08/2015
Wintershall to join Nord Stream 2 pipeline consortium
Wintershall, a branch of BASF, has inked a memorandum of understanding (MoU) with Gazprom as it intends to participate in the €2.5bn Nord Stream pipeline expansion project.
read more... 03/08/2015
UK: Lancashire County Council rejects Cuadrilla fracking plans at two sites
Application to frack in Lancashire was rejected by the council in a setback for the shale gas industry.
read more... 03/08/2015
Daily: WTI crude oil registers the largest decline since 2008
WTI crude registered its largest monthly decline since 2008 financial collapse on Friday after a series of losses in July caused by China’s inventories market slump and on evidence that main Middle East producers were pumping crude at record levels. U.S. crude dropped $1.40, or almost 3 percent, to settle at $47.32 a barrel. It eased more than 2 percent on the week. Brent crude decreased by $1.10, or 2 percent, to close at $52.21 a barrel. It lost 5 percent on the week and 18 percent on the month.
read more... 03/08/2015