U.S. crude prices declined 4 percent on Wednesday, recording their largest daily decrease since April after oil inventories in the United States rebounded for the first time in more than two months. WTI crude fell $2.51, or 4.2 percent, to close at $56.96 a barrel. It is biggest decline since April 8. Brent crude shed $1.58, or 2.5 percent, to settle at $62.01.
read more... 02/07/2015
The debate about a legislative package regulating the controversial fracking technology was postponed due to concern from within the parties of Conservatives (CDU/CSU) and Social Democrats (SPD), in particular against the involvement of an expert commission. The Lower House of Parliament (Bundestag) was supposed to debate this Friday, the last day before the traditional summer break.
read more... 02/07/2015
Czech utility EPH has finalized the acquisition of E.ON's coal- and gas-fired power plants in Italy after consenting to the transaction in January, as stated by EPH on Wednesday.
read more... 02/07/2015
French gas and power conglomerate Engie declared it has acquired 95 percent of French solar park developer and operator Solairedirect for only around 200 million euros ($222 million), making it the major solar operator in France and bring it a portfolio of projects abroad.
read more... 02/07/2015
French, Spanish and Portuguese energy ministers have talked about plans for new electricity and gas infrastructure across the French-Spanish border, as stated by the French energy ministry on Tuesday.
read more... 01/07/2015