Latest news
OPEC oil production rocketed to three-year high in June
The Organisation of Petroleum Exporting Countries (OPEC) oil supply has rocketed to a three year high in June due to a record breaking output from Iraq and flat exports from Saudi Arabia.
read more... 06/07/2015
Daily: European power prices jump on tight nuclear power, heatwave
Crude oil prices declined on Friday on increasing U.S. rig count which intensified worries of global supply glut and after Chinese regulators launched an investigation into suspected stock market manipulation. Front-month U.S. crude settled at $56.56, down 37 cents, falling below a trading range of $57 to $62 seen since early May. Brent crude for August delivery decreased by $1.75 to close at $60.32 a barrel, prolonging a downward trend since early May during which prices have slipped around 13 percent. Front-month U.S. crude stood at $55.52, down $1.41, plunging below a trading range of $57 to $62 recorded since early May.
read more... 06/07/2015
STA: UK’s solar to supply 15% of power on 3 July
Solar could meet a record of 15% of the UK’s electricity demand on Friday, according to the Solar Trade Association (STA).
read more... 03/07/2015
Ukraine suspended gas supply from Russia on failure to agree on gas prices
Ukraine's state gas transport monopoly, Ukrtransgaz unveiled it has suspended its gas purchases from Russia from July 1, after energy officials did not agree on a pricing plan for the next quarter at a meeting in Vienna.
read more... 01/07/2015
BP inks LNG supply deal with Egypt amid its severe gas shortage
British oil giant BP has inked a deal to supply 16 cargoes of liquefied natural gas (LNG) through 2015 and 2016 to state-owned Egyptian Gas (Egas). The final quantity is less than 21 cargoes as previously envisaged.
read more... 24/06/2015