Latest news
Russia and EU ready to discuss on ending antitrust probe
Last year, the European Commission formally opened an antitrust probe on concerns that Gazprom might be obstructing competition in Central and Eastern European gas markets and might have manipulated gas flows to its advantage, prevented diversification of supply, and by linking gas prices to oil prices.
read more... 09/12/2013
A U.S. strike in Syria would increase significantly oil prices
According to some energy market experts, oil prices could increase significantly if the U.S. atacks Syria. Analysts from the bank Societe Generale suggest the price could eventually increase to $125 if air strikes are launched, and $150 per barrel if the military action interrupts production in the region.
read more... 04/09/2013
Daily: European power prices drop on higher solar and wind output forecast
Brent crude oil futures jumped on continued worries about eventual supply disruptions in the Middle East, reversing losses caused by concerns about the U.S. Federal Reserve's monetary easing policy. Brent crude oil futures for October delivery closed 25 cents higher at $110.15 per barrel, after trading as low as $108.61 earlier in the session.
read more... 21/08/2013
Nuclear Power in France
France has decided to launch a great nuclear program in 1973, when the quadrupling of the price of oil by OPEC nations was a shock for France because at that time, most of its electricity came from oil burning plants, this was the Middle East event that they refer to as the "oil shock."
read more... 04/07/2013
Bulgaria to slash electricity production amid weak demand and exports
Bulgarian electricity grid operator ESO ordered producers on April 4 to reduce power generation capacity as a measure to prevent the crippled system from overheating amid sharply dropping consumption and exports and to keep a balance between production and demand.
read more... 09/04/2013