Latest news
EU might turn into global climate leader
The EU can turn its climate leadership into a global competitive advantage by putting innovation at the center of its energy policy, as stated in a report by the Industrial Innovation for Competitiveness (i24c), which declared the Energy Union can make certain Europe is the world leader in the shift to a low carbon economy.
read more... 30/05/2016
Daily: European spot power prices fell on holiday, forwards gain support from higher fuel prices
Crude oil prices boosted about 2 percent on Wednesday after the U.S. government unveiled a bigger-than-expected fall in crude stockpiles, but profit-taking after the data release kept prices below the $50 a barrel level. Brent crude rose by $1.13, or 2.3 percent, to settle at $49.74 a barrel. Prices jumped as high as $49.96 in post-settlement trading. U.S. crude's West Texas Intermediate (WTI) increased 94 cents to settle at $49.56, after hitting a seven-month high at $49.62.
read more... 26/05/2016
Daily: Crude oil approaches $50 a bbl on larger U.S. inventories draw
Crude oil jumped about 1 per cent on Tuesday on data from the American Petroleum Institute (API) showing that U.S. crude stockpiles fell 5.1 million barrels last week, two-fold the expectations of analysts. After settlement, crude prices approached $50 a barrel. The bullish oil reflects supply disruptions aftermath Canada’s wildfires. U.S. crude’s West Texas Intermediate (WTI) futures rose 54 cents, or 1.1 per cent, to settle at $48.62 a barrel. Brent crude futures climbed 26 cents, or 0.5 per cent, to close at $48.61, finishing a four-day slide.
read more... 25/05/2016
EU clarifies DONG Energy and Danish operator’s electricity agreement
The European Commission established that a power agreement between the Danish transmission system operator and DONG Energy does not break state aid regulations.
read more... 24/05/2016
Daily: Europe prompt power prices increase on colder weather forecasts
Crude oil prices declined on Friday as a stronger dollar spurred investors to take profit on a second week of gains and a persistent supply concerns. Global benchmark Brent crude eased 9 cents to settle at $48.72 a barrel, while U.S. crude shed 41 cents to close at $47.75 per barrel.
read more... 23/05/2016