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UK offshore oil and gas production up by a fifth over past five years

UK offshore oil and gas production has increased by a fifth over the past five years, following 14 years of decline.

read more... 20/03/2019

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Daily (18.03.2019): European spot prices tumbled by over 30% on Friday due to strong renewables generation

Oil prices edged lower on Friday as rising crude U.S. weekly production and worries about global economy put pressure on the market. Brent crude slipped by 0.1% to $67.16 a barrel, while WTI futures traded 0.2% lower at $58.52 a barrel.

read more... 18/03/2019

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Georgia to increase Azerbaijani gas import

The 2 most important strategic segments of the gas market of Georgia - the population and the production of electricity - will be provided by Azerbaijani gas, Georgia's Deputy Minister of Economy and Sustainable Development Natia Turnava said.

read more... 14/03/2019

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Daily (13.03.2019): NBP spot tumbled by 4% on Tuesday, due to strong wind power output and rising temperatures

Oil prices inched up on Tuesday, supported by Saudi Arabia's plan to tighten supply in April. A shortage in Venezuelan oil exports due to a power outage also boosted prices. However, gains were limited by rising U.S. crude production. Both Brent and WTI crude rose by 0.1% to $66.67 a barrel and $56.87 a barrel respectively.

read more... 13/03/2019

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Albania's power output almost doubles in 2018

Albania's electricity production increased to 8,552 GWh in 2018 from 4,525 GWh in 2017, the country's statistical office said on Thursday.

read more... 11/03/2019

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