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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
Egypt's gas projects will raise output to 5.5-6 billion cfd by end-2019
Egypt will raise its natural gas output to between 5.5 and 6 billion cubic feet per day by the end of 2019, as stated by Oil Minister Tarek El Molla on Sunday, or up from the existing production of 3.9 bln cubic ft per day.
read more... 23/05/2016
Lithuania, Estonia trimmed gas imports from Russia
Lithuania reduced its imports from Russia by 63.2% in the first quarter of 2016 compared with a year earlier to 255 million cubic meters (mcm), as all major Lithuanian gas importers this year started to purchase gas from Norway's Statoil.
read more... 23/05/2016