Latest news
Daily: UK natural gas prices soar on unplanned outage at Dimlington gas terminal
Crude oil prices settled higher on Tuesday, with Brent closing just above $86 a barrel after two consecutive days of losses, pushed by a weaker dollar and a rally on Wall Street. Brent increased by 20 cents at $86.03 a barrel, while U.S. crude rose 42 cents to settle at $81.42 a barrel, after hitting a more than two-year low of $79.44 on Monday. Oil rose after riding a late soaring in U.S. inventories, buoyed by encouraging corporate earnings.
read more... 29/10/2014
Verbund nine-month profit drops by 86%
Austrian utility Verbund registered a decline of 86 percent in group profit for the first three quarters of 2014 to 63.8 million euros ($81.3 million) because of decreasing electricity prices, reduced water supply and impairment losses on its Romanian wind farms.
read more... 29/10/2014
Poland: PGNiG to purchase $300 million oil and gas deposits from Norway
Poland's gas monopoly PGNiG has decided to acquire a 996-million zloty ($300 million) stake in four new oil and gas deposits from Total E&P Norge, as stated by the company on Monday.
read more... 28/10/2014
Western solar panel producers observe increase in U.S. demand
Western solar panel manufacturers are observing an increase in U.S. demand after duties were hit on competitor products from Asia.
read more... 28/10/2014
Daily: WTI crude recovers from a 20-month low below $80
U.S. crude prices recovered after a 20-month low below $80 per barrel on Monday as a short-covering helped to pare previous losses caused by Goldman Sachs reducing its price forecasts for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced its projection for U.S. crude to $75 from $90. U.S. crude for December delivery decreased to $79.44 per barrel, its lowest level since June 2012, before recovering to close down 1 cent on the day at $81.00 per barrel. The equivalent European benchmark, Brent for December delivery slipped to a low of $84.55 before cutting losses to settle down 30 cents on the day at $85.83 per barrel.
read more... 28/10/2014