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Daily: Crude oil rallies on hopes of Russia, OPEC cooperation
Crude oil futures rallied on Wednesday after a declaration from Russia’s energy ministry that there is a possibility of cooperation with OPEC, raising hopes for a deal to slash a global oversupply. Brent crude increased $1.30, or 4.1 percent, to close at $33.10 a barrel, after hitting a session high of $33.49. WTI crude climbed 85 cents to settle at $32.30 per barrel, up 2.7 percent, having peaked at $32.84.
read more... 28/01/2016
British SSE to reduce household gas tariffs by 5.3% from March 29
SSE, one of Britain's big six power companies, will be the second British utility after E.ON to cut its domestic gas tariffs.
read more... 28/01/2016
Investment firm purchases 94.5MW solar farms
A UK investment firm has acquired solar farms totaling 94.5MW. Primrose Solar has vended four of the farms to Bluefield Solar Income Fund (BSIF).
read more... 28/01/2016
VNG acquires German power retailer from Gazprom
Goldgas, a German gas retailing division of VNG, is to purchase power retailing company Gazprom Marketing & Trading Retail Germany (GM&TRG), a 100-percent unit of Russian Gazprom's Marketing & Trading Ltd. in London.
read more... 28/01/2016
China: Gas production begins at Chuandongbei Project
China National Petroleum Corp (CNPC), the largest Chinese energy company and the U.S. giant Chevron started commercial gas production from a field located in the Sichuan basin in southwest China.
read more... 27/01/2016