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Daily: European spot prices decline since demand drops
Oil prices insignificantly changed in thin trade on Friday, with a prediction of higher output by U.S. shale oil producers this year adding to fears over demand and preventing the market from prolonging the prior session's gains.
read more... 19/06/2015
EU establishes group to expand France-Iberia energy links
The European Commission has established a working group to expand the interconnection capacity of the French and Spanish electricity and gas markets, as it declared on Monday.
read more... 16/06/2015
Daily: British prompt gas prices firm on higher demand, undersupply
Crude oil prices declined in agitated trading on Monday as the Greek debt crisis intensified concerns about demand for petroleum in Europe and as the U.N. launched talks to try to bring peace in Yemen, where Saudi Arabia, the de facto OPEC leader is engaged in a civil war. Expiring front-month Brent for July delivery lost $1.26 to settle at $62.61 a barrel. Brent for August delivery eased 69 cents to close at $63.95. WTI crude for July delivery decreased by 44 cents to settle at $59.52, after trading in a range of $58.73 to $59.98.
read more... 16/06/2015
Greece, Bulgaria will sign IGB gas pipeline agreement soon
Greece and Bulgaria will sign an agreement in the next weeks to construct a gas pipeline linking the two countries, part of the Southern Corridor infrastructure scheme to transport Caspian gas to Europe, as stated by two Greek energy ministry officials on Friday.
read more... 15/06/2015
EU regulators consider GE’s Alstom power agreement would harm competition
General Electric Co might need to propose bigger concessions to win European Union support for its acquirement of Alstom SA's electricity unit since regulators intend to inform the U.S firm that the agreement would harm competition, as stated by two people familiar with the matter on Thursday.
read more... 12/06/2015