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Daily: Crude oil hits the highest level in 2015 as economic growth overtake expectations, on decline in the U.S oil rig count
Crude oil stroke the highest level for the year on Friday, with Brent crude increasing above $60 a barrel, as eurozone economic growth overtook expectations and figures showed another decline in the U.S. oil rig count. Brent rose by about $2 to settle at $61 a barrel, having touched $61.77 earlier. U.S. crude increased $1.57, or 3.1 percent, to close at $52.78 a barrel, after hitting a session peak of $53.32 earlier. Many analysts and traders consider there is a global supply glut of nearly two million barrels per day in crude oil.
read more... 16/02/2015
France and Spain will inaugurate the longest underground high-voltage cable in the world across the Pyrenees
French and Spanish power grid operators have commissioned a long-awaited underground high-voltage cable across the Pyrenees that will enhance the supply security of both countries and will allow Spain to exports its excess of renewable electricity, easing one of the worst network bottlenecks in Europe.
read more... 16/02/2015
EEX expects growth in Italian gas and electricity trading
The European Energy Exchange (EEX) anticipates Italy's energy trading market to develop and intends to launch gas contracts there since more firms transfer from bi-lateral supply agreements to market alternatives, as stated by its chief executive on Wednesday.
read more... 12/02/2015
Supply squeeze to increase European gas price variability
Europe deals with higher instability in natural gas prices since delayed Russian gas acquirements bounce stored reserves and curbs on Dutch output tighten supply.
read more... 11/02/2015
Regulator authorizes Franco-Italian electricity market coupling
France and Italy will turn into the latest countries in Europe to connect their day-ahead power markets in February, as stated by French regulator CRE on Tuesday, aiming at better pricing electricity across Europe and diminishing supply risks.
read more... 11/02/2015