Italian gas transport company Snam intends to more than double gas pipeline capacity between Spain and France to diminish Europe's reliance on Russian gas, as stated by Snam's chief executive.
read more... 11/06/2015
Crude oil prices recovered on Tuesday, spurred by expectations of a sixth consecutive weekly decline in U.S. crude supplies and dollar depreciation. The price of light sweet crude (WTI) for delivery in July rose $2, or 3.4%, to settle at $60.14 a barrel on the New York Mercantile Exchange. Brent crude boosted $2.19, or 3.5%, to close at $64.88 a barrel on ICE Futures Europe.
read more... 10/06/2015
Stock exchange operator Deutsche Boerse on Tuesday declared it has inked an agreement with five European energy exchanges to establish and run a joint platform to trade within-day electricity from 2017.
read more... 10/06/2015
Crude oil established its first hike in three days on Friday, up 2 percent immediately after the OPEC’s cartel decision to hold production levels at 30 million barrels per day. Crude oil prices were volatile after the OPEC’s announcement, with Brent trading in a narrow range around $62 a barrel, before ending the day up at $63.31 a barrel. On April 16, the European benchmark hit a low of $60.94. For the week, it fell 3.6 percent. WTI crude firmed by $1.13, or almost 2 percent, to settle at $59.13. It lost 2 percent on the week.
read more... 08/06/2015
Croatia's power exchange CROPEX has inked an agreement with European energy exchange Nord Pool Spot to establish a day-ahead market by the end of the year, a move that will offer the European Union's newest member access to larger electricity markets.
read more... 05/06/2015