Latest news
Daily: German power contract Cal ’15 hits nine-year lows on falling German business morale
Brent crude oil futures boosted on Tuesday on fresh geopolitical risk over Russia and supply disruptions in Nigeria and Libya, while U.S. WTI crude were dragged down by forecasts for stronger domestic commercial crude stocks.
read more... 26/03/2014
Spain government considers increasing subsidies for gas-fired power plants to prevent further closure of facilities
The Spanish government aims to increase the aid for under-used gas-fired power plants in order to avoid utilities’ closures around the country.
read more... 26/03/2014
Germany: no renewable surcharge to be paid for on-site power plants
Industrial companies are absolved from paying renewable energy surtaxes for present on-site power plants, as stated by Sigmar Gabriel, the Germany’s economy and energy minister, who had renounced the initial plan that would have annually charged them approximately 500 million euros.
read more... 25/03/2014
Ukraine: LNG markets might be tightened in case of gas disruptions
Global liquefied natural gas (LNG) markets would be tightened by disruptions to Russian gas supplies via Ukraine since southern Europe should compete with Asia for LNG in order to satisfy demand, according to Wood Mackenzie consultancy on Monday.
read more... 25/03/2014
Daily: Brent crude declines on flat manufacturing data in China amid chopping trading
Brent crude oil dropped and WTI crude climbed slightly in chopping trading on Monday as flat manufacturing activity in China eclipsed the supply concerns over the Ukraine crisis and civil unrest in Libya.
read more... 25/03/2014