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Daily: European spot, forward prices post a weak trend as demand falls
Crude oil prices declined 4 percent on Wednesday, with WTI crude closing below the key $40 per barrel threshold after sixth consecutive week of record highs in inventories that could cut the market's two-month long hike. U.S. crude futures eased $1.66, or 4 percent, to settle at $39.79 a barrel. It was the largest one-day decline for the front-month contract in U.S. crude since February 11, when prices plunged to a 12-year low of $26.05. Brent crude futures lost $1.32, or 3.2 percent, to trade at $40.47 a barrel.
read more... 24/03/2016
European Commission authorized Finnish cash for LNG terminal
The European Commission on Friday consented Finland's intentions to offer 28 million euros ($31.6 million) in public funding to aid fund a liquefied natural gas terminal at Hamina, on Finland's south-east coast.
read more... 21/03/2016
European Commission gives the green light for French-Chinese nuclear project in UK
The European Commission has given its green light for the construction and operation of the Hinkley Point C nuclear project in UK.
read more... 15/03/2016
Daily: European prompt power prices evolve differently, with French contract up due to colder weather
Crude oil prices declined about 3 percent on Monday on worries that a six-week market rebound has gone beyond fundamentals as U.S. crude inventories continued to increase and after Iran dashed hopes in joining producers group in order to freeze output. WTI crude futures eased $1.32, or 3.4 percent, to settle at $37.18 a barrel, while Brent fell 86 cents, or 2 percent, to close at $39.53.
read more... 15/03/2016
EDF and China’s CGN obtain EU authorization for Hinkley
The projected partnership between EDF and China’s CGN for nuclear projects in the UK has been given the approval by the European Commission.
read more... 11/03/2016