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Daily: Crude oil closes near flat as OPEC is likely to keep the market guessing to the last minute
Crude oil prices were flat on Tuesday in volatile trade after a report stating that OPEC officials will wait until November 30 to debate a proposal to cut member output. Brent futures rose by 22 cents, or 0.45 percent, to settle at $49.12 a barrel, its highest close since the end of October, while WTI lost 21 cents, or 0.44 percent, to end at $48.03.
read more... 23/11/2016
Tokyo Gas inks location swap agreement with UK's Centrica
Japanese gas provider Tokyo Gas Co declared on Monday it has inked a memorandum of understanding with British utility Centrica for a location swap of liquefied natural gas (LNG) to reduce transportation costs.
read more... 22/11/2016
Swedish government could eliminate solar energy tax
The Swedish government suggests to efficiently eliminate a recently introduced tax on solar energy after substantial criticism from environmental experts and the opposition, as stated by the country's finance minister on Monday.
read more... 22/11/2016
Daily: Crude oil prices hit the highest level in three-weeks ahead of OPEC meeting
Crude oil prices soared 4 percent to hit a three-week high on Monday, spurred by growing hopes that major oil producing countries would agree next to curb output. Brent crude futures closed at $48.90 a barrel, up $2.04, or 4.4 percent, after having briefly touched $49 a barrel during the session. U.S. West Texas Intermediate (WTI) rose 4 percent to end at $47.49 a barrel, up $1.80, after hiking as high as $47.80.
read more... 22/11/2016
France will increase grid fees to fund energy transition
French regulated electricity tariffs are likely to raise next year as grid operators will be allowed to increase network usage fees to back the country's energy transition, as stated by the energy regulator CRE on Monday.
read more... 22/11/2016