Fuels and carbon gain from a curve that shows a fall in spot prices
The European spot electricity prices fell on Friday on the back of forecasts that higher wind generation will be occurring and lower demand on Germany's main market. Forward contracts, however, rose in line with gains on fuel and carbon markets.
Orban: EU sanctions against Russia must be rethought to reduce energy costs
Hungarian Prime Minster Viktor Orban stated on Friday that the European Union should reconsider its sanctions against Russia, as they keep energy prices high and hinder the bloc's competitiveness. At their informal summit held last week…
US Oil Exports to India Soar Ahead of Iran Sanctions
U.S. crude oil exports to India hit a record in June and so far this year are almost double last year's total as the Asian nation's refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration.U.S.
DW: Offshore Wind Looks to the Skies
In recent years, fishing communities in North West Europe have reaped numerous benefits from the rise of offshore wind – fishing vessels and their crews have been regularly employed for the transfer of technicians and equipment to wind farms off the coast.
Oil Prices Could Rebound Quicker Than Expected
Most analysts don't expect oil glut to end before late 2017, yet traders are preparing for higher prices by Dec 2016. Even with a global glut in oil supplies set to last well into 2017, indications are emerging that a…
Cheniere LNG Could Dent Russian Gas Dominance in SE Europe
Cheniere Energy Inc plans to deliver liquefied natural gas (LNG) to central and southeastern Europe within a few years, a move that with U.S. supplies would loosen Russia's energy grip on the region, sources told Reuters.
Dutch GasTerra Won't Renew Supply Deals
GasTerra will need to purchase on open market; company won't renew supply contracts. Dutch gas trader GasTerra said on Wednesday it will have to buy gas on the open market to meet its contractual obligations after the…
Pipeline Plan to Bring Western Gas to Balkans Closer
Slovak pipeline operator Eustream expects to sign a memorandum of understanding in the next two weeks with counterparts in Romania and Bulgaria on a proposed gas pipeline aimed at reducing Balkan reliance on Russia, its chief said on Wednesday.
Kiev/Moscow Gas Deal Sign of Progress, More Details to Set
German Chancellor Angela Merkel said on Monday a gas deal struck between Ukraine and Russia was a sign of good progress, but there were still details to be worked out and interim credits had to be found. Moscow and Kiev struck a provisional gas deal over the weekend…
Ukraine, Russia Gas Deal in the Works
Russia agrees to supply Ukraine with 5 bcm gas to March 31; winter gas price to be $385 per 1000 cubic meters. An interim natural gas deal by Moscow and Kiev, reached over the weekend, could supply just enough to get…
Wintershall Sees Asset Swap Deal with Gazprom Going Through
Wintershall, the oil and gas exploration arm of chemicals group BASF, expects an asset swap deal with Russia's Gazprom to close as planned in mid-year 2014, a spokeswoman said on Tuesday. The non-cash deal, agreed in 2012…
China, Russia sign Gas Deal, Pricing Unclear
China-Russia gas deal signed during Putin's visit. Political triumph for Putin, but terms of deal vague; China had upper hand in negotiations, experts said. China and Russia signed a long-awaited, $400-billion gas supply deal on Wednesday…
Europe Single Power Market Covers 70% of Consumers
Southern and north-western European power grids and exchanges linked markets on Tuesday covering about 70 percent of Europe's consumers, bringing it closer to integrated electricity pricing and reducing risks to supply.
North Sea – Hope for Declining Production?
Western Europe will continue to rely on imported Russian gas into the 2020s as mature offshore provinces struggle for growth, while large-scale shale gas extraction looks increasingly unlikely in the medium term, according to Douglas Westwood.
EU wants Uniform price for Russian gas for all member states
EU's Oettinger calls for uniform pricing. Wants better gas, electricity links with Ukraine, Georgia. European Union member states should reject Moscow's "divide and rule" tactics on pricing its natural gas exports and…
Ukraine Crisis New Rallying Point for U.S. Energy Export Backers
Supporters of U.S. energy exports have pounced on the crisis in Ukraine to press their case for faster approvals of liquid natural gas (LNG) projects and for an end to a decades-long ban on exports of most U.S. crude oil.
