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Daily: Brent breaks the $50/bbl threshold on OPEC freeze hopes
Crude oil prices hiked for a sixth consecutive day, with Brent crude hitting above $50 for the first time in six weeks as the world’s top producers envisage a possible freeze of crude production to prop up prices. Brent closed the session up 2.09 percent at $50.89. The session peak of $51.05 was its highest since June 23. U.S. crude ended at $48.22, up 3.06 percent after reaching a session high of $48.38, the highest level since July 5.
read more... 19/08/2016
BP hit a milestone oil production in Azerbaijan
A BP unit working in the Caspian Sea unveiled a milestone for oil pulled from Azeri waters with its 3 billionth barrel since the start of production from the Chirag platform in 1997.
read more... 18/08/2016
Statoil will reduce carbon emissions by 2 million tonnes by 2030
The Norwegian Oil and Gas Association made known about its goal to implement carbon emissions reduction measures corresponding to 2.5 million tonnes on the Norwegian continental shelf (NCS) by 2030 compared to 2020.
read more... 18/08/2016
First Solar wins solar PV module orders in Turkey
First Solar has obtained solar photovoltaic module orders of 160MW in Turkey in the first semester of 2016.
read more... 18/08/2016
Daily: Crude oil slightly up, but pressured by an unexpected drop in US crude oil inventories
Crude oil prices posted a slight increase on Wednesday, but pressured by an unexpected drawdown in U.S. crude and gasoline inventories, offset by fears that Saudi Arabia will trigger a record output even as OPEC mulls a reduction of global glut. U.S. West Texas Intermediate crude futures ended at $46.79 a barrel, up 0.45 percent on the day or about 21 cents. Brent crude futures recovered from mid-day losses to jump 55 cents at $49.78 a barrel.
read more... 18/08/2016