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Daily: Crude oil rebounds on alleviated concerns about Iran, modest U.S. stockpiles rise
Crude oil prices recovered considerable on Monday, up more than 5 percent as traders reevaluated how fast Iran could ramp up exports after a preliminary nuclear deal and estimated that months-hike in U.S. crude stockpiles may be at a slow path. Oil broadened gains after industry intelligence group Genscape unveiled that inventories at Cushing, Oklahoma posted the lowest increase since November last week.
read more... 07/04/2015
Ukraine to buy three times more gas from Russia in April
Ukraine's national energy company Naftogaz has requested for 1 billion cubic meters of gas imports from Russian giant Gazprom, tripling the volume it received in March, according to Russian Energy Minister Alexander Novak.
read more... 07/04/2015
Spain obtained 47% of its electricity from renewable energy sources in March
Spain’s renewable energy plants generated 47% of the country's electricity in March, according to figures released by the country’s grid operator Red Electrica de Espana (REE).
read more... 03/04/2015
Daily: Crude oil prices down near 4% amid speculations on ongoing talks over Tehran nuclear program
Brent crude oil declined nearly 4 percent on Thursday on speculations that a preliminary deal between Iran and global powers on Tehran’s nuclear program could be signed, adding more crude to an already oversupplied global market. North Sea Brent crude futures decreased $2.15, or 3.8 percent, to settle at $54.95 a barrel, almost $1 above the session low. WTI crude futures declined 95 cents, or 2 percent, to close at $49.14 a barrel, after slipping nearly $2 earlier.
read more... 03/04/2015
E.ON will pay penalty of 7.75 million pounds over UK billing
Utility E.ON will pay a penalty of 7.75 million pounds ($11.51 million) subsequent to billing errors which could have touched 48,000 British clients, as stated by the company on Thursday.
read more... 03/04/2015