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Daily: European spot power prices climb on increasing consumption amid cold weather spell
Oil prices lost 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi reiterated that the kingdom will maintain output levels as the demand would capable to absorb the crude glut. Crude oil prolonged losses after settlement when an U.S. industry trade group API said domestic crude inventories escalated more than twice than expected by analysts. Benchmark Brent crude futures fell $1.42, or 4 percent, to settle at $33.27 a barrel, while U.S. crude futures declined $1.52, or 4.6 percent, to close at $31.87 a barrel.
read more... 24/02/2016
Daily: Crude oil recovers 6% on speculations of weaker U.S. shale output, strong equity market
Crude oil prices rebounded as much as 6 percent on Monday, spurred by IEA‘s speculation that U.S. shale output could decline and a hike in equities fed worries that crude prices may dip after a 20-month collapse. Futures of Brent rose $1.68, or 5 percent, to settle at $34.69. WTI crude futures climbed $1.84, or 6 percent, to close at $31.48 a barrel, rebounding above $32 at one point.
read more... 23/02/2016
Qatar, Maersk and Shell collaborate to develop LNG as marine fuel
Qatar and Royal Dutch Shell have decided to develop liquefied natural gas (LNG) as a marine fuel for utilization by the world's biggest container shipping firm, A.P. Moller-Maersk, Qatargas declared in a statement on Monday.
read more... 23/02/2016
Statkraft and associates will construct Europe's biggest onshore wind farm for 1.1 bln euros
Renewables producer Statkraft and associates will construct what it declared was Europe's biggest onshore wind farm for 1.1 billion euros ($1.21 billion) in Norway, it stated on Tuesday.
read more... 23/02/2016
French gas prices will increase by 2.76 % on July 1, according to regulator
GrDF, the distribution division of French gas firm Engie will increase its prices by 2.76 percent on July 1, below its requested raise of 11.4 percent, as stated by the French energy regulator CRE on Monday.
read more... 23/02/2016