Crude oil prices rebounded on Monday, wiping out previous losses, after nearing the psychologically key $40-a- barrel level. WTI crude rose $1, or 2.5%, to settle at $41.74 a barrel. Brent, the global benchmark, boosted by 9 cents, or 0.2%, to close at $44.56 a barrel on ICE Futures Europe.
read more... 17/11/2015
EDP Renovaveis made known on Monday it has reached an agreement with four other firms to develop a 25-MW offshore floating wind project in Portugal.
read more... 17/11/2015
Poland will try to obtain financing for European Union's biggest coal miner Kompania Weglowa and intends to switch old mines with more efficient ones, as stated on Saturday by energy minister designate Krzysztof Tchorzewski in a newspaper Gazeta Wyborcza.
read more... 17/11/2015
Oil stockpiles have rocketed to a record level this year at around 3 billion barrels— the equivalent to more than a month’s supply of global oil consumption amid a robust production in OPEC and elsewhere, according to the International Energy Agency (IEA).
read more... 16/11/2015
Italian giant Eni has inked a new concession and three amendment deals with the Egyptian Government for prospective petroleum exploration.
read more... 16/11/2015