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Daily: European spot power prices up on tighter supply, while forward down tracking coal, carbon
Crude oil prices closed down on Thursday after figures showed robust weekly stockpiles at the U.S. crude storage hub despite a pipeline outage, but prices pared losses on short covering, indicating more volatility ahead. Brent futures eased 41 cents, or about 1 percent, to settle at $39.43 a barrel, backtracking losses from the session low that saw Brent down more than $1, or nearly 3 percent. WTI crude futures ended down 49 cents at $37.26, after plunging as low as $36.69.
read more... 08/04/2016
Norway will increase gas production capacity, envisages Arctic pipeline
Norway intends to raise its gas production capacity and is assessing the potential for constructing a pipeline from the Barents Sea to satisfy future demand in Europe, according to its gas system operator Gassco on Tuesday.
read more... 06/04/2016
European Investment Bank provides $720 million for Scottish electricity grid
The European Investment Bank on Wednesday will offer 500 million pounds ($719.70 million) to aid connect Scotland's green energy schemes such as wind, wave and tidal to the electricity grid.
read more... 31/03/2016
EU 2015 gas consumption increased for first time in four years
Gas consumption in the European Union increased in 2015 for the first time in four years since temperatures moved closer to average after an extraordinarily mild 2014, augmenting residential demand for heating, as stated by business association Eurogas on Wednesday.
read more... 31/03/2016
Croatia will reduce household gas prices by 18% from April
Croatia has reduced yearly natural gas prices for households by an average of 18 percent from April because of a drop in wholesale prices on the European market, as it stated on Wednesday.
read more... 24/03/2016