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Daily: Crude oil approaches $50 a bbl on larger U.S. inventories draw
Crude oil jumped about 1 per cent on Tuesday on data from the American Petroleum Institute (API) showing that U.S. crude stockpiles fell 5.1 million barrels last week, two-fold the expectations of analysts. After settlement, crude prices approached $50 a barrel. The bullish oil reflects supply disruptions aftermath Canada’s wildfires. U.S. crude’s West Texas Intermediate (WTI) futures rose 54 cents, or 1.1 per cent, to settle at $48.62 a barrel. Brent crude futures climbed 26 cents, or 0.5 per cent, to close at $48.61, finishing a four-day slide.
read more... 25/05/2016
Northern England authorities gave the green light for shale gas extraction near Kirby Misperton in Ryedale
Authorities in northern England gave the green light for a shale gas fracking application from Third Energy on Monday to extract shale gas at a site near Kirby Misperton in Ryedale.
read more... 24/05/2016
Daily: Crude oil prices tumble for fourth consecutive session after Iran stated won’t freeze output
Crude oil fell again on Monday after Iran said it has no plans to join any output freeze by other major crude producers and as the number of rigs drilling for crude in the United States remained steady after dipping for eight consecutive weeks. WTI's front-month eased 33 cents to settle at $48.08 a barrel, after plumbing a session low at $47.40. Brent's front-month lost 37 cents to close at $48.35, off the day's low of $47.58.
read more... 24/05/2016
EU clarifies DONG Energy and Danish operator’s electricity agreement
The European Commission established that a power agreement between the Danish transmission system operator and DONG Energy does not break state aid regulations.
read more... 24/05/2016
Ecotricity will convert wind parks into hybrid energy farms
Energy firm Ecotricity will install 18,000 solar panels in three wind parks in Leicestershire and Lincolnshire.
read more... 24/05/2016