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Daily: Crude oil prices post the third week of gains on upbeat market sentiment
Crude oil prices boosted on Friday and posted their third consecutive week of gains on optimistic market sentiment and on signs that a continuing global oversupply may be alleviating. Brent futures rose by 1.3 percent to settle at $45.11 per barrel, while U.S. West Texas Intermediate crude climbed 1.3 percent at $43.73 a barrel. Both contracts increased as much as 3 percent during the session. Brent has rallied by 4.5 percent this week and U.S. crude by 8.4 percent as both benchmarks recorded a third week of gains.
read more... 25/04/2016
Daily: European forward electricity prices hit the highest level in 12 weeks amid firmer fuels
Crude oil prices shed on Thursday as producers insinuated more output, while U.S. stockpiles registered their first loss in four sessions. The euro was down against the dollar after traders saw potential for the European Central Bank to eventually boost its stimulus measures if necessary. WTI crude oil prices eased 2.3 percent to settle at 43.18 a barrel. Brent crude declined 2.8 percent to close at $44.53 a barrel.
read more... 22/04/2016
Centrica expands in European energy trading with Neas purchase
Britain's Centrica made known about the 170 million-pound ($243 million) purchase of Danish energy management firm Neas Energy on Thursday, a move that builds on its new strategy shift to grow in European energy trading.
read more... 22/04/2016
Britain: National Grid will pay companies to use electricity this summer
A dozen British firms will be paid to use power under a scheme National Grid will start next month intended at balancing the system in summer, when production is high from green energy sources such as wind and solar.
read more... 22/04/2016
Norway confirms approval for E.ON to construct onshore wind farm
Norwegian Oil and Energy Ministry declared on Thursday it has given the final approval for Germany's E.ON to construct a wind power park of 155 megawatts in southeastern Norway.
read more... 22/04/2016