Latest news
EU bank invests €120m to modernise power network in Hungary
The financing will cover the costs of the reinforcement of the electricity supply network, refurbishment of substations, overhead lines and underground cables and the installation of advanced meters
read more... 09/10/2020
Daily (06.10.2020): Oil prices settled over 5% higher on Monday amid reports of Trump’s improving health, lower supply from Norway
Crude oil prices rebounded over 5% on Monday, spurred by the state of health of Donald Trump, who announced that he would be released from the hospital at the end of the afternoon. Another round of stimulus in the U.S. and curtailing crude output in Norway due to a monitored strike also supported oil prices. Hence, Brent crude for December delivery soared by $2.02, or 5.1%, to settle at $41.29 per barrel, notching its first gain after four consecutive daily declines. Meanwhile, U.S. WTI crude for November delivery surged by $2.17, or 5.9%, to close at $39.22 per barrel, registering its first rise in three sessions.
read more... 06/10/2020
National Grid boss warns Britain risks power blackouts due to a decaying electricity network as he asks Ofgem for right to raise customers' bills
Sheffield is at heightened risk of blackouts, as it is served by just two power lines Should one fail, the city could only rely on the other to provide all of its power National Grid boss John Pettigrew warned older power lines will start to 'decay'
read more... 02/09/2020
Daily (12.08.2020): Oil prices eased on Tuesday amid gridlock in US stimulus negotiations, rising coronavirus cases
Crude oil futures fell on Tuesday amid a gridlock in U.S. stimulus negotiations and rising coronavirus infection rates globally. However, expectations for tighter oil U.S. supplies limited price declines. Consequently, Brent crude dropped by 49 cents, or 1.1%, to settle at $44.50 a barrel. At the same time, U.S. WTI crude lost 33 cents, or 0.8%, to finish at $41.61 a barrel.
read more... 12/08/2020
German gas TSOs plan Polish, Russian capacity upgrades
Several gas transmission system operators (TSOs) plan to convert German interruptible entry capacity into firm capacity at the German-Polish border and on entry from Russian state-controlled Gazprom's Nord Stream and planned Nord Stream 2 pipelines.
read more... 12/08/2020