Latest news
Bulgaria and Greece decided to accelerate work on gas connection
Bulgaria and Greece have settled to take a final investment decision by the end of May to pave the route for a gas pipeline intended at diminishing Sofia's reliance on Russian gas, as stated by Bulgaria's energy minister on Thursday.
read more... 13/02/2015
Daily: Crude oil rebounds after two days of losses on sinking U.S dollar, investments cuts
Crude oil prices jumped on Thursday after two days of losses on news of sharper industry investments cuts following a near-halving of oil prices since June and on weakening U.S. dollar. Expiring March Brent futures boosted $2.39, or 4.37 percent to close at $57.05 a barrel after a 3 percent decline on Wednesday. U.S. March crude futures increased $2.37 or 4.85 percent to settle at $51.21.
read more... 13/02/2015
EEX expects growth in Italian gas and electricity trading
The European Energy Exchange (EEX) anticipates Italy's energy trading market to develop and intends to launch gas contracts there since more firms transfer from bi-lateral supply agreements to market alternatives, as stated by its chief executive on Wednesday.
read more... 12/02/2015
EDF 2014 net profit increased by 5.2% on strong nuclear production
French power utility EDF declared on Thursday net income increased by 5.2 percent to 3.70 billion euros since production at its nuclear plants surpassed projections and despite a drop in electricity consumption because of mild weather.
read more... 12/02/2015
Daily: Crude oil prices decrease as U.S. crude stocks rocket to the highest level since 1982
Crude oil prices dropped as much as 3 percent on Wednesday as U.S. inventories rocketed to the highest level since 1982, reaching nearly 418 million barrels. Benchmark Brent oil fell below the $55-per-barrel support level, down $1.77, or 3 percent, to close at $54.66 a barrel on Wednesday. U.S. crude decreased $1.18, or about 2 percent, to settle at $48.84 a barrel.
read more... 12/02/2015