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Daily: POKEMON GO could lead to increased oil demand
Crude oil prices lost ground on Monday, down over 1 percent after increasing inventories of crude and refined fuel intensified concerns about another oversupply. An attempted coup in Turkey has only briefly supported the market. The application Pokemon GO is the potential for a substantial increase in car use which could lead to higher oil consumption to the level of hundreds of thousands of barrels a day.
read more... 19/07/2016
Closure of British Rough gas storage facility extended into 2017
The closure of British largest gas storage facility, Rough, was prolonged into March or April 2017 on Friday, increasing fears that Britain could enter winter season with record low inventories and soaring gas prices.
read more... 18/07/2016
China’s fossil fuel consumption will drop in 2050: CNPC
China’s renewable energy consumption will raise in 2050 since country is to consume less fossil fuel, as stated in a report by China National Petroleum Corporation. China’s total energy consumption will hit its peak of 3,750 million tons of oil equivalent (mtoe) around 2035, according to the China National Petroleum Corporation’s (CNPC) latest report.
read more... 18/07/2016
Spaniards will provide 86MW in four countries counting initial Dutch agreement
Gamesa has obtained orders to provide 83MW of its turbines at six wind farms in France, Italy, Greece and the Netherlands.
read more... 18/07/2016
Daily: Crude oil prices slightly up on improved demand perspectives
Crude oil prices boosted modestly on Friday, ending the week higher, after figures from top energy consumers the United States and China spurred the oil demand outlook. Brent crude futures rose 24 cents, or 0.5 percent, to close at $47.61. It eased as much as 1.5 percent earlier to a session low of $46.65 and boosted as high as $48.05. U.S. West Texas Intermediate (WTI) futures increased 27 cents, or 0.6 percent, to close at $45.95 a barrel. The intraday low was $45.05 and it attained a peak of $46.31 during the session.
read more... 18/07/2016