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Daily: Crude oil prices plunge at the lowest level in two-months on OPEC production rally
Crude oil prices plunged at their lowest level in two months on Monday after a study unveiled that crude oil output from the Organization of the Petroleum Exporting Countries has attained the highest level since August 2008 at 32.73 million barrels a day. West Texas Intermediate crude for August delivery lost 65 cents, or 1.4%, to settle at $44.76 a barrel on the New York Mercantile Exchange.The global benchmark Brent crude for September delivery declined 51 cents, or 1.1%, to end at $46.25 a barrel on the ICE Futures exchange in London.
read more... 12/07/2016
Germany unveils shift from renewables subsidies to auctions
Germany’s parliament adopted on July 8 an amended Renewable Energy Sources Act (EEG 2016), which replaces feed-in tariffs with competitive auctions and caps wind energy deployment to allow for the grid development to catch up.
read more... 11/07/2016
France’s Dunkerque LNG terminal gets its first cargo
Dunkerque LNG is commissioning its regasification terminal at Dunkirk, France, and expects commercial operations to begin in mid-September.
read more... 11/07/2016
Gazprom launches an innovative product to remediate oil spills
Russian energy giant Gazprom launched an innovative product that can help degrade oil spills.
read more... 11/07/2016
Daily: Prompt gas prices in Britain decline as firmer supplies eclipsed demand
Crude oil prices rebounded in volatile trading on Friday, but Brent posted its largest weekly decline in nearly six months, as optimistic U.S. jobs data, but pressured by the increasing number of wells in operation in the U.S. Brent crude futures closed the session up 36 cents, or 0.8 percent, at $46.76 per barrel, after trading between $47.23 and $46.15. U.S. crude's West Texas Intermediate (WTI) futures rose by 27 cents to settle at $45.41, compared with an earlier decline to $44.77 and a peak of $45.97.
read more... 11/07/2016