Latest news
Daily: European forward power prices rocket at an eight-week high tracking stronger coal, carbon prices
Crude oil declined for a second consecutive day on Thursday, dragged down by weaker U.S. refined fuels markets and eventual negative impact from Greek debt crisis on European energy demand. Brent crude decreased 29 cents, or 0.5 percent, to close at $63.20 a barrel. U.S. WTI crude declined by 57 cents, or almost 1 percent, to settle at $59.70.
read more... 26/06/2015
Daily: European forward power prices rally to seven-week high on stronger gas, coal price, upbeat macroeconomic data
Crude futures increased by about 2 percent on Tuesday, with the bounce attributed to technical price triggers, expectations for a weekly decline in U.S. crude supplies and gasoline demand. However, a stronger dollar did little to temper the hike. Brent crude futures rose by $1.11, or 1.8 percent, to close at $64.45 a barrel. U.S. crude futures closed at $61.01, up 63 cents, or 1 percent.
read more... 24/06/2015
Serbia to restructure its state-owned utility Elektroprivreda Srbije
Serbia is eyeing a 200 million-euro ($227 million) loan from the European Bank for Reconstruction and Development (EBRD) to help restructuring its power utility Elektroprivreda Srbije (EPS).
read more... 23/06/2015
Daily: European prompt power prices tumble on stronger supply, nuclear reactor return
Crude oil prices curbed losses to close slightly higher on Monday as a short-covering ahead of the front-month contract expiration in U.S crude spurred the market weakened by concerns about increasing gasoline stockpiles. Initially, oil prices were also influenced by worries about the potential fallout from the Greek debt crisis, counterbalancing positive impact from a stockpile draw at the Cushing, Oklahoma. Brent crude rose by 32 cents, or 0.5 percent, to settle at $63.34 a barrel, after easing almost $1 earlier. WTI crude boosted 7 cents, or 0.1 percent, to close at $59.68 a barrel, as its front-month July contract expired.
read more... 23/06/2015
Greece and Russia will collaborate on Turkish Stream pipeline
Greece and Russia inked a memorandum on Friday on enlarging the planned Turkish Stream gas pipeline to Europe via Greek territory, with financing coming from Russia.
read more... 22/06/2015