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Daily: Oil skyrockets at highest level in 18 months on non-OPEC deal
Crude oil prices skyrocketed to an 18-month high on Monday after OPEC and some of its rivals inked their first deal since 2001 to jointly cut output to fight against the global oversupply. On Saturday, producers from non-OPEC, led by Russia, agreed to slash output by 558,000 barrels per day, short of the target of 600,000 bpd but still the largest non-OPEC contribution ever. Brent crude futures rallied $1.36 to settle at $55.69 per barrel, a 2.5 percent rise, after hitting a session peak of $57.89, the highest since July 2015. The U.S. WTI rose by $1.33 to end at $52.83 a barrel, a 2.6 percent gain, though that was sharply off the day's highs.
read more... 13/12/2016
National Grid selects Macquarie-managed group for $7 billion gas grid stake sale
Britain's National Grid has vended a majority stake in its gas network in a 5.4 billion pound ($7 billion) agreement which might test Prime Minister Theresa May's promise to examine infrastructure sales to foreign purchasers
read more... 12/12/2016
EDF advances relaunch of three reactors involved in safety investigation
French utility EDF has advanced the relaunch date of three nuclear reactors involved in a safety investigation, signaling it may have obtained the authorization from safety regulator ASN to restart production.
read more... 12/12/2016
Daily: Crude oil jumps about 1% on hopes over non-OPEC output restrictions
Crude oil prices boosted about 1 percent on Friday on optimism that non-OPEC producers meeting in Vienna over the weekend would agree to cut output according to restrictions announced on November 30. However, both Brent and U.S crude futures posted their first weekly loss in four weeks. Brent crude rose by 44 cents, or 0.82 percent, to settle at $54.33 per barrel after fluctuating between $53.77 and $54.46. U.S. crude's West Texas Intermediate (WTI) futures closed the session at $51.50 a barrel, up 66 cents or 1.30 percent, after trading narrowly between $50.86 and $51.66.
read more... 12/12/2016
Qatar will fuse LNG producers Qatargas and RasGas
Qatar will fuse state-controlled liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) declared on Sunday, in the Gulf state's recent reaction to lower energy prices.
read more... 12/12/2016