Latest news
Daily (25.08.2017): Expected decline in wind and nuclear production lifts electricity prices
Oil prices dropped on Thursday as Hurricane Harvey, expected to come ashore as the strongest storm to hit the U.S. mainland in 12 years, threatened oil operations along the energy hub on the U.S. Gulf Coast. Brent crude settled down 53 cents a barrel, or 1 percent, at $52.04. Meanwhile, WTI crude price fell 2% to $47.43 a barrel.
read more... 25/08/2017
Daily (28.07.2017): Brent prices soared to 2-month high on Thursday - $51.49 a barrel
Oil prices continued to rise on Thursday with support from a huge slide in U.S. crude inventories. Kuwait, UAE and Saudi Arabia, fellow members of the OPEC, have also promised export cuts. U.S. fuel exports are on track to hit another record in 2017, making foreign fuel markets increasingly important for the profit margins of U.S. refiners. Also, Europe's major energy firms are turning a corner after a 3-year slump, Royal Dutch Shell, France's Total and Norway's Statoil reported sharp rises in cash flow from second quarter operations. Brent crude jumped by 1% to $51.49 a barrel, while WTI price jumped by 0.8% to close at $48.75 a barrel.
read more... 28/07/2017
Centrica is closing UK’s largest natural gas storage site
Centrica Storage Ltd (CSL) declared on Tuesday about its intention to stop storage operations at Rough. The energy supplier wants to permanently end Rough's status as a storage facility. Nevertheless, the company plans to produce all recoverable gas from the gas field, which is anticipated at 183 billion cubic feet (bcf).
read more... 20/06/2017
France: Rougemont 1 and Vaite wind projects came online
Canadian firm Innergex Renewable Energy has launched commercial operations at the 36.1MW Rougemont 1 and 38.9MW Vaite wind farms in France.
read more... 29/05/2017
Statoil will launch production at Gina Krog oil and gas field in June
Norwegian Petroleum Directorate (NPD) declared on Wednesday it has given approval for Statoil to start operations at the Gina Krog oil and gas field in the North Sea.
read more... 25/05/2017