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Daily: WTI crude recovers from a 20-month low below $80
U.S. crude prices recovered after a 20-month low below $80 per barrel on Monday as a short-covering helped to pare previous losses caused by Goldman Sachs reducing its price forecasts for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced its projection for U.S. crude to $75 from $90. U.S. crude for December delivery decreased to $79.44 per barrel, its lowest level since June 2012, before recovering to close down 1 cent on the day at $81.00 per barrel. The equivalent European benchmark, Brent for December delivery slipped to a low of $84.55 before cutting losses to settle down 30 cents on the day at $85.83 per barrel.
read more... 28/10/2014
Serbia’s major electricity plant tenders for coal because of flooded mine
Serbia's biggest coal-fired power plant complex Nikola Tesla (TENT) proposed a tender on Monday for 1.3 million tonnes of coal to compensate the shortages created by the overflowing of its dedicated mine.
read more... 28/10/2014
Czech utility CEZ requires immediate carbon market reforms
Central Europe's major utility CEZ sustains starting reforms to Europe's Emissions Trading System (ETS) from 2017, allying with Britain and Germany on bringing forward an intended adjustment, as stated by its chief executive.
read more... 27/10/2014
Daily: British prompt gas prices shrink on solid supply eclipsing demand
Brent crude oil prices dropped on Friday, but posted a modest change on the week as traders took a break from months-long rout, despite of increasing worldwide supply signs and U.S. contango structure threatened sharper losses. Brent crude for December delivery closed at $86.13 per barrel, down 70 cents for the day and 3 cents below last Friday's settlement price. Meanwhile, U.S. crude oil futures, continued to decline, with contracts for December delivery dropping $1.08 at $81.01 per barrel.
read more... 27/10/2014
OMV observes sluggish European gas market for years
Austrian energy group OMV anticipates limited growth in Europe's gas market for the rest of the decade since slow economies reduce demand, as stated by the manager of its gas business.
read more... 27/10/2014