Latest news
General Electric to supply advanced technology for TANAP project
US based General Electric's oil and gas unit has won contract to provide advanced turbomachinery for the first phase of the Trans-Anatolian Natural Gas Pipeline (TANAP) project, which is being constructed for gas transportation from Azerbaijan to Europe.
read more... 27/07/2015
Daily: European spot power prices retreat due to lowering air conditioning demand
Crude oil prices declined and WTI closed below $50 a barrel on Wednesday after government figures indicated that crude oil stockpiles in the United States strengthened last week and as a stronger dollar and weaker global equities added to pressure. U.S. crude for September delivery tumbled $1.67, or 3.28 percent, to settle at $49.19 a barrel, first settlement below $50 since April. Brent crude for September delivery dropped 91 cents to close at $56.13.
read more... 23/07/2015
EU carbon allowances rocket to the highest level since 2012
European Union carbon allowances (EUAs) soared to the highest level since 2012, breaking the €8 mark, continuing a recovery that saw prices plunging below €3 in 2013 as the market struggled with a glut of allowances due to the financial crash and resulting decline in industrial production.
read more... 22/07/2015
Daily: European year-ahead power prices at the highest level in nearly four months
Crude futures slipped on Monday and U.S. crude declined below $50 a barrel intraday, dragged down by robust supply, expectations of more Iranian crude to export and appreciating dollar. Brent crude for September delivery declined by 45 cents to settle at $56.65 a barrel, having fluctuated between $56.33 and $57.44. U.S. August crude, set to expire on Tuesday, shed 74 cents to close at $50.15, having fallen to $49.85, its first time below $50 since April.
read more... 21/07/2015
Polish miner KW affected by crisis needs investors by end-August
Kompania Weglowa (KW), the European Union's largest coal miner which is on the edge of insolvency, has to find investors by the end of August, as stated by its chief executive on Thursday.
read more... 17/07/2015