Latest news
Daily: British wholesale gas prices increase on reduced flows, short system
Brent crude dropped below $80 a barrel on Wednesday for the first time since 2010, dragged down by technical selling, pressure from dollar appreciation and after Saudi Arabia’s oil minister hesitated to say if the kingdom supports a production cut at OPEC's meeting on November 27. Brent crude reached a session low of $79.84, its lowest level since September 2010, before closing down $1.29 at $80.38. After settlement, Brent declined below $80 again. WTI crude hit a session low of $76.63, then closed down 76 cents at $77.18.
read more... 13/11/2014
Vestas prepared to produce blades for major wind turbine from next year
Denmark's Vestas will be set to begin producing blades next year for its biggest ever wind turbine, which is still experiencing tests, as stated by the company on Wednesday.
read more... 13/11/2014
BP to invest $240 million in two Egyptian exploration blocks
The oil giant BP Egypt, alongside its partners, is envisaging investing $240 million in two new exploration blocks, Block 3 and Block 8, in Egypt.
read more... 12/11/2014
National Grid to give up pylon cables that are blighting beautiful landscapes of England and Wales
UK is likely to give up the pylon cables from some of the most attractive areas of England and Wales, under £500 million plans from National Grid.
read more... 12/11/2014
Daily: European forward power prices continue to increase on cold spell forecasts
Brent crude settled down on Tuesday after hitting a four-year low, while WTI crude ended up, despite expectations that U.S. oil stockpiles increased in the previous week. Brent declined by 67 cents, or 0.8 percent, to close at $81.67 a barrel, after slipping earlier to $80.46, the weakest level since September 2010. WTI crude soared 54 cents, or 0.7 percent, to settle at $77.94 a barrel, after a setting a session low at $76.42.
read more... 12/11/2014