Latest news
Germany: coal-fired energy to be reduced in order to protect climate
Germany envisages to get rid of some of its coal plant capacity as part of a set of new policies to aid Europe's largest economy attain its greenhouse gas emissions targets, as stated by a state secretary at the economy ministry on Wednesday.
read more... 30/10/2014
Lithuania sets up LNG terminal to stop reliance on Russian gas
Lithuania on Monday greeted the launching of the Independence, a floating liquefied natural gas import (LNG) terminal, illustrating the end of the Baltic state's dependence on gas supplies from Russia.
read more... 29/10/2014
Daily: UK natural gas prices soar on unplanned outage at Dimlington gas terminal
Crude oil prices settled higher on Tuesday, with Brent closing just above $86 a barrel after two consecutive days of losses, pushed by a weaker dollar and a rally on Wall Street. Brent increased by 20 cents at $86.03 a barrel, while U.S. crude rose 42 cents to settle at $81.42 a barrel, after hitting a more than two-year low of $79.44 on Monday. Oil rose after riding a late soaring in U.S. inventories, buoyed by encouraging corporate earnings.
read more... 29/10/2014
Poland: PGNiG to purchase $300 million oil and gas deposits from Norway
Poland's gas monopoly PGNiG has decided to acquire a 996-million zloty ($300 million) stake in four new oil and gas deposits from Total E&P Norge, as stated by the company on Monday.
read more... 28/10/2014
Daily: British prompt gas prices shrink on solid supply eclipsing demand
Brent crude oil prices dropped on Friday, but posted a modest change on the week as traders took a break from months-long rout, despite of increasing worldwide supply signs and U.S. contango structure threatened sharper losses. Brent crude for December delivery closed at $86.13 per barrel, down 70 cents for the day and 3 cents below last Friday's settlement price. Meanwhile, U.S. crude oil futures, continued to decline, with contracts for December delivery dropping $1.08 at $81.01 per barrel.
read more... 27/10/2014