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Daily: Brent crude dips at three-month low on attenuating geopolitical risks
Brent crude oil reached a three-month low on Friday, prolonging losses for the third consecutive week as concerns about supply interruptions in the Middle East and North Africa continued to attenuate. The decline also weighed on U.S. crude futures, which dipped to a two-month low under $101.
read more... 14/07/2014
Power line project postponed, to have effect on supply in Central Norway
An important Norwegian power connection project will be postponed, which will probably lead to an insufficient electricity supply and price increases in central Norway from late 2016, as stated by grid operator Statnett.
read more... 10/07/2014
GE to supply turbines for Dunmaglass wind farm
US conglomerate GE has concluded an agreement to provide SSE Renewables with turbines, particularly for the 94MW Dunmaglass wind farm in Scotland.
read more... 09/07/2014
Daily: European power prices fell on stronger wind power supply
Brent crude slipped more than $1 a barrel on Tuesday, posting its seventh consecutive decline, hitting a one-month low below $109 since Libyan oil exports from two ports were likely to resume and fears eased of supply disruption in Iraq. Brent has slumped more than 5 percent since last month, when the Iraq violence pushed up prices to a nine-month high of $115.71. Brent crude for August delivery dropped by $1.30 to settle at $108.94 a barrel, after hitting a session low of $108.69, while the U.S. benchmark crude fell 13 cents to touch $103.40, hitting an eighth consecutive day of declines.
read more... 09/07/2014
Daily: Oil crude prices plunge on oil crisis end in Libya
Both crude oil benchmark contracts dropped on Thursday as supply worries started to attenuate after Libyan government has reached a deal with rebels to end the oil crisis that has curbed exports from the OPEC member. Brent hit a session low of $110.53 before paring losses ahead of the settlement. U.S. oil slipped 42 cents to close at $104.06 a barrel, after plunging as low as $103.67 earlier in the session, posting a three-week low.
read more... 04/07/2014