Latest news
Gazprom’s clients to be able to renegotiate natural gas prices
Gazprom has promised to allow its clients to renegotiate gas prices if they do not correspond to the Western Europe market average rates. The statement was made by Ricardo Cardoso in an interview for the Bulgarian National Radio.
read more... 20/03/2017
Daily (20.03.2017): European year-ahead power prices diverge on lower carbon, stronger coal prices
Crude oil prices were mainly flat on Friday, posting minor gains for the week, but speculators considerably cut long positions on worries that an OPEC production reduction was failing to slash a global supply glut.
read more... 20/03/2017
Daily (17.03.2017): German spot power down 17% on anticipated increase in wind power
Crude oil prices retreated on Thursday despite a support from weaker dollar, being pressured by U.S. crude stockpiles near record high levels, intensifying concerns if OPEC-led output cuts will be able to reduce a global glut.
read more... 17/03/2017
IEA report: Oil demand likely to reduce in 2017, non-OPEC countries seen rising production
The demand for oil is anticipated to decrease from 1.6 million barrels a day in 2016 to 1.4 million barrels a day in 2017 which will add more issues for the producers while they could try to increase prices, as indicated in the International Energy Agency report published earlier this week, based on the early 1st quarter indicators showing slowdowns in Japan, Germany, Korea and India in January 2017.
read more... 16/03/2017
Daily (16.03.2017): Oil prices record the first rebound in a week as U.S. stocks retreat
Crude oil prices rebounded for the first time in more than a week on Wednesday on an unexpected decline in U.S crude stockpiles and figures from the International Energy Agency (IEA) showing that OPEC cuts could trigger a crude deficit in the first half of 2017.
read more... 16/03/2017