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EDF reiterates its support for Hinkley Point nuclear project despite Brexit
French power utility EDF on Monday reiterated its support for the development of delayed new nuclear power station at Hinkley Point in southern England, declaring that British referendum to quit the European Union will not affect its plans.
read more... 05/07/2016
Daily: European forward power prices increase on firmer fuel markets
Crude oil prices lost ground on Monday, after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading toward balance were mitigated by weakening demand in Asia, gasoline oversupply and expectations that crude output could rise. Brent crude futures eased 25 cents to settle at $50.10 per barrel. U.S. crude futures fell 23 cents to close at $48.76 per barrel. The trading for U.S. crude was thin as markets were closed on Monday for the U.S. Independence Day holiday.
read more... 05/07/2016
Siemens puts new wind power investment plans in the UK on hold after Brexit
Siemens, the largest engineering firm in Europe decided to freeze new wind power investment in UK following the vote to leave the European Union until future trading arrangements are clarified.
read more... 05/07/2016
RWE and Qatargas ink a 7.5 year deal for LNG supplies to Europe
RWE, leading European electricity and gas company and Qatargas, the world’s premier LNG company, unveiled a seven and half LNG delivery deal in Europe, declared the German utility.
read more... 04/07/2016
Daily: Crude oil settles lower, but hit the best quarterly gain since 2009
Crude oil prices settled lower on Thursday, a day after recording their largest single-session gain since April, but prices still at their strongest quarterly rally since mid-2009. The prices were dragged down by profit-taking and investors' reluctance due to uncertainty after the British vote in favor of leaving the European Union (EU). West Texas Intermediate (WTI) crude for August delivery fell $1.55, or 3.1%, to settle at $48.33 a barrel on the New York Mercantile Exchange. For the quarter, WTI prices gained over 26.1% to record the best quarterly percentage gain since the second quarter of 2009. Brent crude for August delivery, which expired at the settlement, declined 93 cents, or 1.8%, to settle at $49.68 a barrel. Futures prices have gained 25.5% for the quarter, with the year-to-date gain at 33.3%.
read more... 01/07/2016