Latest news
Daily: Brent near to 12-year low as market struggles with sluggish demand
Brent crude lost 2% on Wednesday after slipping below $30 a barrel for the first time since April 2004 as increasing inventories of oil in the United States intensified worries about demand. Brent shed to a fresh 12-year low at $29.96 a barrel before settling at $30.31 a barrel, down 55 cents or 1.8 percent. WTI crude closed at $30.48, up 4 cents or 0.1 percent after declining as low as $30.10. On Tuesday, it plunged as low as $29.93, the lowest level since December 2003.
read more... 14/01/2016
Russia's Gazprom annuls major tender for domestic pipeline needed for Nord Stream II
Russia's major natural gas producer Gazprom has annulled an important tender estimated at 3.78 billion roubles ($50 million) for a domestic gas connection required for the development of Nord Stream, as mentioned on a government procurement website.
read more... 13/01/2016
Global green capacity attains 913 GW
The total renewable energy capacity installed across the globe attained approximately 913.48 GW last year.
read more... 13/01/2016
EDF shares drop to all-time low since nuclear waste cost estimate increases
Shares in French utility EDF fell to all-time lows on Tuesday after the country's Andra nuclear waste agency declared that storage costs might be more elevated than EDF's predictions, though EDF questioned Andra's figures.
read more... 13/01/2016
Daily: Oil prices trade below psychological threshold of $30 a barrel for first time since 12 years
Crude oil prices lost 3 % on Tuesday, posting a seventh straight daily decline for oil. Oil prices shed briefly below $30-per-barrel level, which is both a psychological and financial threshold and prolonging a selloff that has trimmed prices by almost 20% this year. Benchmark Brent crude slipped 69 cents to settle at $30.86, after bottoming at $30.34. U.S. WTI dropped 97 cents to close at $30.44 a barrel, a 3.1% loss, after hitting a low of $29.93, which was last recorded in December 2003. The decline was prompted by intensifying concerns about sluggish demand in China and the lack of output restraint.
read more... 13/01/2016