Latest news
Daily: Crude oil prices tumble on intensified worries about oversupply
Crude oil prices closed down nearly 4 percent on Monday on intensified worries of crude oil oversupply , with U.S. crude falling below 40$ per barrel on Monday for the first time since April. Brent crude ended down $1.39, or 3.2 percent, at $42.14 a barrel, after a session low of $41.87. U.S. West Texas intermediate (WTI) crude closed at $40.06, its weakest level since April 20, down $1.54, or 3.7 percent.
read more... 02/08/2016
BayWa connects 29.7 MW in UK
German developer BayWa has put into service the Fraisthorpe wind farm of 29.7 MW in northern England.
read more... 01/08/2016
EDF’s board of directors approve the final investment decision for Hinkley Point C nuclear power plant in UK
French electricity giant EDF made the final investment decision to build the two nuclear reactors at Hinkley Point C in Somerset, in south-west England.
read more... 01/08/2016
Turkish Stream natural gas negotiations with Russia resume
Russian Energy Minister Aleksandr Novak declared that the negotiations with Turkey have restarted on the Turkish Stream natural gas project on Friday.
read more... 01/08/2016
Daily: WTI posts the biggest monthly loss in a year in July
Crude oil prices were flat on Friday after reaching three-month lows during a week-long selloff driven by a continuing global oversupply , prompting a monthly decline of nearly 15 percent, the largest monthly loss in a year for U.S. WTI. Brent contract for September delivery, which expired as the front-month contract, ended at $42.46 a barrel, down 0.6 percent on the day and 14.5 percent lower on the month. That was the biggest monthly decline for Brent since December. Brent contract for October delivery boosted 30 cents to close at $43.53, after attaining $42.52, its weakest level since April 19. WTI contract for September delivery gained 46 cents, or 1 percent, to settle at $41.60 a barrel, after declining below $41 for the first time since April 20.
read more... 01/08/2016