Latest news
Egypt awards tender to purchase 55 LNG cargoes
Egypt's state gas board EGAS declared on Monday it is to acquire 55 cargoes of liquefied natural gas (LNG), 10 more than initially scheduled, through a tender it has awarded to seven firms which will supply the fuel from the beginning of November.
read more... 13/10/2015
Daily: European day-ahead power prices jump amid weaker renewable output, robust fuel demand
Crude oil prices soared over $2 a barrel on Tuesday, breaking out of a month-long trading range on technical buying and industry talks as well as spurred by U.S government figures indicating that the global oversupply could ease. Brent rose by $2.67, or 5.4 percent, to settle at $51.92, breaking out of the $47 threshold it had held since early September. WTI jumped by $2.27, or 4.9 percent, to close at $48.53 a barrel.
read more... 07/10/2015
Total aims to invest $500 million per year in renewable energy
Total SA intends to invest $500 million a year in green energy, a step by Europe’s second-most important oil and gas firm to grow in biofuels and solar.
read more... 25/09/2015
Daily: UK spot gas rebound on lower imports from Norway, outage at gas terminal
Crude oil markets declined on Wednesday, with WTI crude futures falling 4% after optimistic impact from weaker crude inventories was compensated by a large increase in gasoline, intensifying concerns about robust autumn fuel supplies. Brent crude tumbled $1.33, or 2.7 percent, to settle at $47.75 a barrel. WTI crude shed $1.88, or 4.1 percent, to close at $44.48.
read more... 24/09/2015
Daily: European power forward prices plunge to two-month lows due to low fuel prices
Crude oil prices declined 5 percent on Monday to hit their weakest level since January, dragging down global benchmark Brent below $50 a barrel as weak factory activity in China dipped a commodity-wide rout. Brent crude closed down $2.69, or 5.2 percent, to touch $49.52 a barrel. U.S. crude dropped $1.95, or 4.1 percent, to hit $45.17, just about $3 above its 2015 bottom.
read more... 04/08/2015