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Removal of sanctions against Iran could hit oil
U.S. and Europe have finally lifted sanctions on against Teheran on Saturday, move that could shake up oil markets.
read more... 19/01/2016
Eni CEO says Iran requires $150 billion of energy investment
Iran's emergence from economic sanctions will aid Europe to diversify its energy supplies, but the Islamic Republic will require to invest minimum $150 billion in infrastructure to turn into a major producer, the CEO of Italy's Eni SpA stated on Sunday.
read more... 18/01/2016
Daily: European Cal’17 power contracts collapse at 13-year low tracking lower oil, coal and carbon prices
Crude oil prices plunged 6% on Friday to settle below $30 a barrel for the first time in 12 years, as Chinese stock markets declined further and traders expected an impending increase in Iran’s exports. Brent eased $1.94, or 6.3 percent, to settle at $28.94 a barrel, sticking below the key $30 a barrel threshold after briefly falling below that level in the previous two days. It dipped as far as $28.82, the weakest level since February 2004. U.S. crude lost $1.78, or 5.7 percent, to close at $29.42, after reaching a contract low of $29.13, its lowest level since November 2003, previously in the session.
read more... 18/01/2016
Ukraine agrees gas agreement with European providers
Ukrainian state energy company Naftogaz has decided to acquire 1.7 billion cubic metres (bcm) of gas from European suppliers at a price of $188-$211 per thousand cubic metres, as stated by the firm on Thursday.
read more... 15/01/2016
Trianel purchased 10MW in Germany
Trianel Erneuerbare Energien has bought the 10MW Pritzen solar park in Brandenburg in Germany.
read more... 14/01/2016