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Daily: Europe power prices rally on weaker supply, strong demand
Crude oil prices posted a moderate gain on Monday on signs of healthy supplies as tensions in Libya and Iraq tempered. Brent crude rose 32 cents to close at $106.98 a barrel, while U.S. crude futures boosted 8 cents to settle at $100.91 a barrel. The spread between the two benchmarks settled at $6.07.
read more... 15/07/2014
Alstom to build a €450 million concentrating solar plant in Israel
French engineering group Alstom alongside BrightSource and NOY Infrastructure & Energy Investment Fund secured loans from the European Investment Bank and the Bank Hapoalim for the construction and operation of the Ashalim Thermal Solar Power Station in Israel.
read more... 15/07/2014
China and Russia to ink a $1.6 bln deal on Siberian LNG Project
A subsidiary of Chinese state oil giant China National Offshore Oil Corporation (CNOOC) has inked a $1.6 billion engineering deal to build equipment for a liquefied natural gas (LNG) project in Siberia, the company declared on Wednesday.
read more... 14/07/2014
Croatia is on track to become a regional energy hub
Croatia has all the chances to become a regional energy hub, ensuring energy supplies in the area by diversifying supply options for the European countries and permitting them to reduce their grip on Russian gas, reiterated U.S. Assistant Secretary of State Victoria Nuland.
read more... 14/07/2014
Daily: Brent crude dips at three-month low on attenuating geopolitical risks
Brent crude oil reached a three-month low on Friday, prolonging losses for the third consecutive week as concerns about supply interruptions in the Middle East and North Africa continued to attenuate. The decline also weighed on U.S. crude futures, which dipped to a two-month low under $101.
read more... 14/07/2014