Crude oil prices boosted about 2 percent on Wednesday after the U.S. government unveiled a bigger-than-expected fall in crude stockpiles, but profit-taking after the data release kept prices below the $50 a barrel level. Brent crude rose by $1.13, or 2.3 percent, to settle at $49.74 a barrel. Prices jumped as high as $49.96 in post-settlement trading. U.S. crude's West Texas Intermediate (WTI) increased 94 cents to settle at $49.56, after hitting a seven-month high at $49.62.
read more... 26/05/2016
Trianel has purchased a 19.2MW wind farm in Bavaria as part of plans to raise its German green energy portfolio.
read more... 25/05/2016
Environmental groups pressed Group of Seven (G7) nations led by Japan and Germany to halt financing coal projects abroad, which provided $42 billion since 2007.
read more... 25/05/2016
Poland, through expanding its LNG sources to Norway and Qatar this summer, targets to be on the road towards independence from Russian gas imports by 2022.
read more... 25/05/2016
Crude oil jumped about 1 per cent on Tuesday on data from the American Petroleum Institute (API) showing that U.S. crude stockpiles fell 5.1 million barrels last week, two-fold the expectations of analysts. After settlement, crude prices approached $50 a barrel. The bullish oil reflects supply disruptions aftermath Canada’s wildfires. U.S. crude’s West Texas Intermediate (WTI) futures rose 54 cents, or 1.1 per cent, to settle at $48.62 a barrel. Brent crude futures climbed 26 cents, or 0.5 per cent, to close at $48.61, finishing a four-day slide.
read more... 25/05/2016