Crude oil prices rebounded for a fourth consecutive day on Wednesday, close to their highest levels since mid-2015, ahead of the publication of U.S. oil stockpiles figures and as the market awaits evidence of OPEC supply cuts in the new year. U.S. WTI crude oil futures rose by 16 cents to close at $54.06 a barrel, not far from the year's high of $54.51 hit on December 12. Brent crude futures gained 13 cents to close at $56.22 a barrel. The international benchmark reached $57.89 on December 12, its highest since level July 2015.
read more... 29/12/2016
Vattenfall has inked agreements with the Danish government for the 600MW Kriegers Flak and the 350MW Vesterhav North and South offshore wind farms.
read more... 28/12/2016
Turkey should prioritise liquefied natural gas (LNG) investments for a better balance of its natural gas trade, President Tayyip Erdogan declared on Friday.
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Azerbaijan began purchasing natural gas from Iran earlier this year so as to cover its domestic requirements, state energy company SOCAR's vice president said on Tuesday.
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Oil prolonged the longest winning streak in more than four months before Opec and other producing nations begin cutting production to stabilise the market.
read more... 28/12/2016