Latest news
German Economy Minister supports lignite mines
German Economy Minister Sigmar Gabriel has wanted to reassure energy firms that the government has no plans to close lignite mines, as indicated in copy of a letter addressed to works councils.
read more... 02/04/2015
Daily: European spot prices recover as German wind storms faded
Crude oil boosted as much as 5 percent on Wednesday, breaking a three-session losing streak, as U.S. crude oil production declined for the first time in two months and the government unveiled a smaller- than- expected increase in weekly inventories. Futures of North Sea Brent increased by $1.99, or 3.6 percent, to settle at $57.10. WTI crude futures rose $2.49, or 5.2 percent, to close at $50.09 a barrel.
read more... 02/04/2015
Spain: Banco Santander intends to vend Australian wind farm
Spain's Banco Santander SA, Europe's largest bank, intends to vend its single Australian wind farm partially due to the uncertainty about the country's support for renewable energy, as stated by a source on Wednesday.
read more... 01/04/2015
Daily: British prompt gas prices decline on stronger flows, a supply glut in the system
Crude oil closed down for a second consecutive session on Monday as Iran and six world powers accelerated the pace of negotiations to reach a nuclear deal with Tehran that could ease Western sanctions and allow OPEC member to carry crude into an already flooded market. Benchmark Brent oil declined 12 cents to settle at $56.29 a barrel, after slipping $1.21 earlier. WTI crude dropped 19 cents to settle at $48.68, having fallen by $1.26 earlier.
read more... 31/03/2015
Britain’s Littlebrook oil-fired power plant will shut down on March 31
RWE Generation will close the oil-fired power plant at Littlebrook in Britain on Tuesday because of European Union environmental law, as confirmed by the company on Monday.
read more... 31/03/2015