Latest news
Daily: European prompt power prices down, while forwards up on stronger fuel prices
Crude oil tumbled on Friday as investors took big weekly profits after a hike driven by disruption to crude supplies and gains on Wall Street from U.S. economic data. Brent crude eased 19 cents to settle at $35.10. It attained a high of $37 earlier, the highest since January 5. U.S. crude fell 29 cents at $32.78 a barrel, after raising almost $1.70 earlier.
read more... 29/02/2016
Eni cuts investment after substantial fourth-quarter loss
Italian oil producer Eni declared it will slash investments by 20 percent this year and accelerate lower-cost projects after impairments because of weak oil prices resulted in a substantial fourth-quarter loss.
read more... 29/02/2016
Daily: Crude oil prices rebound 3% on confirmation of a producers meeting in March
Crude oil futures rose 3 percent on Thursday, reversing previous losses after news of a meeting of major producers in March to stabilize prices and on project delays and job layoffs in the industry. Brent crude futures rose 88 cents, or 2.6 percent, to close at $35.29 a barrel, reaching a three-week high. It had also declined more than $1 earlier.
read more... 26/02/2016
Poland will develop geothermal energy since wind farms spoil landscape
Poland, under pressure from the EU to reduce its utilization of extremely polluting coal, will develop geothermal energy resources rather than wind farms which destroy the landscape, as stated by its environment minister on Wednesday.
read more... 25/02/2016
Daily: Crude oil prices soar on loading issues for UK crude, higher U.S. gasoline demand
Crude oil prices hiked as much as 3 percent on Wednesday, with Brent spurred by news of stalled loadings for the United Kingdom's North Sea oil due to technical issues, while U.S. crude futures boosted after robust demand for gasoline reduced worries about record high crude stockpiles. Brent, the global benchmark for crude, rose $1.14, or 3.4 percent, to settle at $34.41 a barrel. U.S. crude futures advanced 28 cents, or nearly 1 percent, to close at $32.15 after gasoline demand soared more than 5 percent over the past four weeks compared with a year ago, according to the government data.
read more... 25/02/2016