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Daily: British prompt gas prices climb on undersupplied system, colder weather
Worldwide crude oil prices reversed a hike on Monday, with Brent trading lower after a sharp increase in Saudi Arabia’s monthly export prices is expected to curb output, discouraging buyers. Brent crude posted a considerable decline, off more than $1 to settle at about $84 per barrel. Previously it had declined below $85 as a stronger dollar slapped oil and gold, commodities that are priced in the U.S. currency. U.S. crude eased more than 2 percent, settling down $1.76 at $78.78 per barrel.
read more... 04/11/2014
Poland: PGNiG agrees with Russia’s Gazprom on gas price reduction
Poland's top gas distributor PGNiG has agreed with its most important provider, Russia's Gazprom, a reduction in gas prices for the slighter supplies the Polish state-controlled firm was obtaining in September, as stated by a PGNiG official on Monday.
read more... 04/11/2014
Italy: regulator’s tariff decision upsets Snam investors
Italy's energy regulator upset investors in the country's utilities on Monday with a gas storage tariff estimation that takes into account a higher-than-anticipated rate of inflation, menacing to reduce potential profits across the sector.
read more... 04/11/2014
Albania and World Bank inked $150 million electricity agreement
Albania signed a $150 million loan agreement with the World Bank on Monday to improve power distribution and transmission, which it said would facilitate the return of the debt-laden sector to financial stability by 2018.
read more... 04/11/2014
Daily: Crude oil prices plunge for the fourth consecutive month
Crude oil prices continued to drop for the fourth consecutive month on Friday, dragged down by another round of monetary stimulus from Japan pushed up the U.S. dollar and hammered a crude market already oversupplied. Brent and U.S. crude tumbled by nearly a dollar to post both the steepest monthly fall since May 2012. Brent crude for December delivery fell 38 cents for the day to settle at $85.86, consolidating a monthly loss of 9 percent. WTI crude declined 58 cents to close at $80.54 per barrel, recording a loss of 11.6 percent this month.
read more... 03/11/2014