Crude oil prices diverged on Wednesday, with Brent crude increasing and WTI declining on Wednesday in agitating trading as both contracts slashed losses on uncertain outlook for interest rates by the Federal Reserve. Brent crude for August delivery boosted 17 cents to close at $63.87, having oscillating from $62.60 to $65.47 and ending back below its 50-day moving average of $64.16. U.S. crude for July delivery decreased by 5 cents to settle at $59.92, having fluctuated from $58.85 to $61.38.
read more... 18/06/2015
Belgium's Elia and Britain's National Grid have offered two contracts together estimated at approximately 500 million euros ($558.35 million) to construct the first electricity trade cable between Britain and Belgium to Siemens and a division of Sumitomo Electric Industries.
read more... 09/06/2015
Centrica, the largest supplier in the UK, has extended existent contracts with two of the world's largest producers, Russia's Gazprom and Norway's Statoil, move that will increase kingdom’s dependence on gas imports, as its production diminishes.
read more... 14/05/2015
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
The world's biggest futures market operator, CME Group Inc. has initiated six European natural gas cleared futures contracts which will be listed on its CME Europe exchange starting from February 2.
read more... 28/01/2015