Standard & Poors, the credit rating agency has downgraded 9 eurozone countries: France, Italy,Spain,Cyprus, Portugal, Austria, Slovakia, Slovenia and Malta. This comes at the end of a week that has seen strengthening oil prices but surpressed UK gas and power markets.
Better than expected Chinese GDP data, strengthening coal prices and successful debt auctions helped to support oil prices, but the strength failed to have any significant impact on UK gas and power prices which resisted the bullish signals. European gloom was the dampening factor culminating with Standard & Poors announcement it is to downgrade 9 eurozone countries: France, Italy,Spain,Cyprus, Portugal, Austria, Slovakia, Slovenia and Malta.
08 April 2005
Wind consolidation may be the future for the security of supply. read more...
18 March 2005
Long term financing of projects difficult with government uncertaintity. read more...
11 March 2005
NAP decision proceeds but with legal proceedings in the offing. read more...
28 January 2005
French auditors question decomissioning costs read more...
15 December 2004
EdF unvelied their strategy for 2005, with partial privatisation in the same year they have stated that they intend to spend 56 billion Euros in investments read more...
Oil Disruption Fears create Volatile Markets
The European Union provided details this week of its proposed ban of Iranian oil imports as the Union steps up pressure over the country's nuclear programme. read more...
20 January 2012
The European Union provided details this week of its proposed ban of Iranian oil imports as the Union steps up pressure over the country's nuclear programme. read more...
November 2011 Review
While debt repayment concerns combined with woeful economic indicators continued to be a feature throughout November, supply and demand fundamentals were an obvious driver too. Unseasonably warm weather combined with (and causing) plentiful gas storage meant that UK power and gas markets went into a nose dive. read more...
02 December 2011
While debt repayment concerns combined with woeful economic indicators continued to be a feature throughout November, supply and demand fundamentals were an obvious driver too. Unseasonably warm weather combined with (and causing) plentiful gas storage meant that UK power and gas markets went into a nose dive. read more...
Turmoil returns on Greek Announcement
Following last weeks announcement that the eurozone leaders had reached an agreement on a Greek bailout - one that would see banks take a 50% hit on their holdings of Greek debt, the Greek Prime Minister made his own shocking announcement that he plans to hold a referendum on the matter. The Markets tumble in response. read more...
01 November 2011
Following last weeks announcement that the eurozone leaders had reached an agreement on a Greek bailout - one that would see banks take a 50% hit on their holdings of Greek debt, the Greek Prime Minister made his own shocking announcement that he plans to hold a referendum on the matter. The Markets tumble in response. read more...
Eurozone Debt Deal Announced
After prolonged discussions and late night talks, European leaders have announced a agreement on a a Eurozone debt deal. But will the devil be in the detail? read more...
27 October 2011
After prolonged discussions and late night talks, European leaders have announced a agreement on a a Eurozone debt deal. But will the devil be in the detail? read more...
Central Banks Co-ordinate efforts to Ease Funding Pressures
Five central banks announced a co-ordinated move to ease funding pressures and help the financial system. With concerns mounting about the exposure of European banks to Eurozone sovereign debt, markets across the globe, including energy have been volatile. read more...
15 September 2011
Five central banks announced a co-ordinated move to ease funding pressures and help the financial system. With concerns mounting about the exposure of European banks to Eurozone sovereign debt, markets across the globe, including energy have been volatile. read more...
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