Utility E.ON will pay a penalty of 7.75 million pounds ($11.51 million) subsequent to billing errors which could have touched 48,000 British clients, as stated by the company on Thursday.
read more... 03/04/2015
Electrical engineering group Westinghouse has decided to continue negotiations with Bulgarian authorities over the building of a nuclear reactor, after the expiry of a deadline for settling an agreement to construct the unit.
read more... 03/04/2015
German Economy Minister Sigmar Gabriel has wanted to reassure energy firms that the government has no plans to close lignite mines, as indicated in copy of a letter addressed to works councils.
read more... 02/04/2015
Crude oil boosted as much as 5 percent on Wednesday, breaking a three-session losing streak, as U.S. crude oil production declined for the first time in two months and the government unveiled a smaller- than- expected increase in weekly inventories. Futures of North Sea Brent increased by $1.99, or 3.6 percent, to settle at $57.10. WTI crude futures rose $2.49, or 5.2 percent, to close at $50.09 a barrel.
read more... 02/04/2015
Ukraine has inked a new deal to purchase Russian gas over the next three months at $248 per thousand cubic metres, as stated by the Ukrainian energy ministry on Thursday.
read more... 02/04/2015