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Daily: European coal import prices prolong their downturn trend
Global oil prices posted their largest hike in two-and-half years on Wednesday, recovering from a nearly six-year low as traders alienated from the bearish pressures of a worldwide oversupply to cover themselves on expiring options. Brent crude boosted $2.10, or 4.5 percent, to close at $48.69 a barrel, in its strongest daily percentage gain since June 2012. The benchmark reached a low of $45.19 on Tuesday, the weakest level since March 2009, amid U.S. stocks build-up and a persistent global supply glut. WTI crude oil settled at $48.48, boosting $2.59, or 5.6 percent, the biggest gain since August 2012.
read more... 15/01/2015
Poland is eyeing creating state electricity conglomerate
Poland is eyeing merging its four biggest utilities into two companies to consolidate state-controlled power producers to help them compete with larger European rivals, while supporting the country’s dwindling coal industry, according to Treasury Minister Wlodzimierz Karpinski.
read more... 15/01/2015
Ukraine coal production drops by 22% in 2014, Eastern conflict
Ukrainian coal output dropped by 22 percent in 2014 to 65 million tonnes after the pro-Russian separatist disagreements interrupted mining operations in the country's eastern industrial centre, as stated by deputy energy minister Yuri Zukov on Friday.
read more... 12/01/2015
Russia will supply coal and power to Ukraine
Russia has agreed on a new agreement to provide coal and power to Ukraine, which is fighting with a lack of raw fuel for electricity plants because of a separatist clash in the industrial east, as stated by Russian officials on Saturday.
read more... 29/12/2014
Serbia: Kostolac electricity plant postpones restart of 348 MW unit again
The reconnection of a 348 megawatt unit to the grid at Serbia's Kostolac B coal-fired power plant, which was out of service for planned repairs on February 28, has been postponed again until December 27, as stated by a representative at the plant on Thursday.
read more... 29/12/2014