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Daily: Crude oil prices plunge at the lowest level in two-months on OPEC production rally
Crude oil prices plunged at their lowest level in two months on Monday after a study unveiled that crude oil output from the Organization of the Petroleum Exporting Countries has attained the highest level since August 2008 at 32.73 million barrels a day. West Texas Intermediate crude for August delivery lost 65 cents, or 1.4%, to settle at $44.76 a barrel on the New York Mercantile Exchange.The global benchmark Brent crude for September delivery declined 51 cents, or 1.1%, to end at $46.25 a barrel on the ICE Futures exchange in London.
read more... 12/07/2016
Danish gas exchange Gaspoint Nordic to join European platform Pegas
Danish gas exchange Gaspoint Nordic will join the Pegas platform this year, operated by French energy bourse Powernext. Denmark will be the first Scandinavian country on the platform.
read more... 07/07/2016
UK is likely to miss its legally binding 2020 targets for renewable energy: National Grid warns
The UK is likely to miss its EU 2020 targets for renewable energy, the National Grid has concluded.
read more... 06/07/2016
Daily: Crude oil plunges 5 % on Brexit possible implications over economy
Crude oil prices plunged nearly 5 percent on Tuesday, on investors’ concerns that Britain’s exit from the European Union would sink the economy, with energy demand incapable of absorbing the oversupply. Brent futures lost $2.14, or 4.3 percent, to settle at $47.96 a barrel, while U.S. crude declined $2.39, or 4.9 percent, to close at $46.60.
read more... 06/07/2016
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