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Daily: Brent recovers above the psychological $50 threshold
Crude oil prices rallied 4 percent on Wednesday, with Brent ending about the psychological $50 a barrel mark, spurred by larger-than-expected drawdown in U.S. crude stockpiles. Brent crude futures rose $2.03, or 4.2 per cent, to settle at $50.61 per barrel. It attained a near one-week high of $50.74 during the session. U.S. crude's West Texas Intermediate (WTI) futures also ended up $2.03, or 4.2 per cent, at $49.88. WTI's session peak was $50.
read more... 30/06/2016
Gazprom and CNPC to collaborate on gas-fired generation in China
Russian gas giant Gazprom and Chinese state-owned oil company CNPC will work on a new partnership to build underground gas storage (UGS) and gas-fired power generation facilities in three Chinese locations.
read more... 29/06/2016
U.S. , Mexico and Canada pledge 50% of power from clean sources by 2025
The United States, Mexico and Canada are set to conclude a new regional deal at the Three Amigos summit in Ottawa this week to produce 50% of their combined electricity by 2025 from clean energy sources, including wind, solar, nuclear and hydropower.
read more... 29/06/2016
Total and Qatar Petroleum to create a new company to develop Al-Shaheen oil field
French oil giant Total inked a deal with state-owned Qatar Petroleum to create a new company, called the North Oil Company.
read more... 29/06/2016
Daily: European spot power prices decline on mild weather, firmer wind, solar supply
Crude oil prices rose over 3 percent on Tuesday, with investors buying back into the market after a two-day a two-day rout caused by Britain’s vote to quit the European Union. Brent crude futures advanced 3 percent, or $1.42, to close at $48.58 per barrel. U.S. crude climbed 3.3 percent, or $1.52, to settle at $47.85.
read more... 29/06/2016