German Economy Minister Sigmar Gabriel has wanted to reassure energy firms that the government has no plans to close lignite mines, as indicated in copy of a letter addressed to works councils.
read more... 02/04/2015
Crude oil boosted as much as 5 percent on Wednesday, breaking a three-session losing streak, as U.S. crude oil production declined for the first time in two months and the government unveiled a smaller- than- expected increase in weekly inventories. Futures of North Sea Brent increased by $1.99, or 3.6 percent, to settle at $57.10. WTI crude futures rose $2.49, or 5.2 percent, to close at $50.09 a barrel.
read more... 02/04/2015
Ukraine has inked a new deal to purchase Russian gas over the next three months at $248 per thousand cubic metres, as stated by the Ukrainian energy ministry on Thursday.
read more... 02/04/2015
Danish wind turbine producer Vestas Wind Systems declared on Tuesday it had obtained a 53 megawatt turbine order for a wind project in Finland.
read more... 01/04/2015
Crude oil declined for a third consecutive session on Tuesday, with Brent crude posting a 12 percent loss for the month, as world powers started to negotiate intensively a nuclear deal with Iran that could bring an additional 1 million barrels per day back online in the coming months. Brent oil dropped $1.18, or 2.1 percent, to settle at $55.11 a barrel, after decreasing to $54.72 during the session. WTI crude decreased $1.08, or 2.2 percent to close at $47.60, off its earlier low at $47.28.
read more... 01/04/2015