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Daily: German power prices tumbled on higher solar power output
Crude oil prices dropped on Wednesday, with Brent declining as a Libyan oilfield resumed its production and U.S. crude falling on shaking demand for gasoline. Brent crude futures decreased by 66 cents to settle at $108.28 a barrel, after hitting a one-month low of $108.14 during the session, its eighth consecutive fall, the longest strip since May 2010. Brent contract for August delivery was trading at a discount of about 19 cents to the September contract. Meanwhile, U.S. crude eased $1.11 to settle at $102.29 after declining as low as $102.00. The WTI benchmark has dropped for nine straight sessions, its longest streak since December 2009.
read more... 10/07/2014
Serbia: gas prices to increase in August
Serbian energy regulator AERS made known on Wednesday it has agreed on average raises in retail gas prices of about 1.3 percent for households and up to 1.4 percent for businesses as of August.
read more... 10/07/2014
Russia: subsidiary of Gazprom wins South Stream tender in Serbia
Russian gas producer Gazprom declared on Tuesday its division, Tsentrgaz, had won a tender to construct the Serbian segment of the South Stream pipeline.
read more... 09/07/2014
Spain approves gas sector reform to reduce increasing tariff deficit
The first steps towards reducing an increasing tariff deficit have been taken by Spain on Friday in the gas sector, deficit formed by years of inequitable regulated costs and incomes that has led to higher energy bills for consumers.
read more... 07/07/2014
Poland: gas company PGNiG will be listed on bourse
The Polish government will maintain listed on the stock market its leading gas distribution company PGNiG, in spite of proposals it should be nationalized and removed because of its strategic importance, as stated by Deputy Treasury Minister Wojciech Kowalczyk.
read more... 07/07/2014