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Russia and Saudi Arabia are supporting the extension of oil production cuts until March 2018
The world’s biggest oil producers – Russia and Saudi Arabia – agreed on Monday that the oil output cut deal should be extended for another 9 months in the hope to push up the prices.
read more... 16/05/2017
Daily (16.05.2017): Oil prices jumped by 2% on Monday
Oil prices jumped on Monday, after the world’s two biggest producers, Saudi Arabia and Russia, stated that an extension of the crude production cuts is likely from the middle of this year until March 2018.
read more... 16/05/2017
Romania to begin gas production at a newly discovered field in 2019
According to the last week’s statement of the Romanian government, Romgaz, the state-owned gas producer, will begin production at a newly, biggest discovered gas field in three decades, in 2019.
read more... 16/05/2017
Malaysia's TNB purchases a stake of 50% in 365MW UK solar portfolio
Malaysian national electric utility Tenaga Nasional Berhad (TNB) has finalized the purchase of a 50% stake in a 365MW solar portfolio in the UK from a unit of Terraform Power for £470 million.
read more... 15/05/2017
EU approves France’s plan to develop 17 gigawatts of renewable energy
It has been announced last week that EU has approved France’s plan to develop three different schemes for the expansion of around 17 GW of onshore wind, solar, and sewage gas installations in the country.
read more... 15/05/2017