Latest news
GDF Suez to ink a deal with China Investment Corp
GDF Suez is near to ink a deal in which China Investment Corp. (CIC) would take a 30% stake in the French energy company's exploration and production business for as much as €3billion ($4.3bn).
read more... 09/08/2011
Daily energy Overview, Tuesday, August 09, 2011
U.S. and Brent crude oil futures pared huge losses on Monday, having hit the lowest level since February after a U.S. credit downgrade sparked financial and commodity markets. U.S crude for September delivery traded at 81.31 dollars a barrel, down 5.57 dollars, registering the lowest level since November 23, 2010, when it closed the session at 81.25 dollars a barrel.
read more... 09/08/2011
Daily energy Overview, Monday, August 08, 2011
U.S. and ICE Brent crude oil futures increased on Friday after three days of consecutive looses backed by a higher than expected increase in U.S. jobs data for July and a pipeline fire in Iran.
read more... 08/08/2011
Bayer to migrate outside Germany over high electricity prices
The German major pharmaceutical company, Bayer warned that it may be forced to leave the country and to migrate its production to other countries, due to the Germany’s decision to phase out nuclear energy by 2022, a move that would push the electricity prices up.
read more... 08/08/2011
Daily energy Overview, Friday, August 05, 2011
U.S. and Brent crude oil futures sharply decreased by more than 5 percent on Thursday, registering its highest one-day percentage loss since June 23 as investors sparked risks on rising worries over slowing economic growth.
read more... 05/08/2011