Latest news
Daily: UK prompt gas prices climb on colder weather, robust oil
Crude oil prices boosted 5 percent on Wednesday, their biggest increase in three weeks, after the U.S. government unveiled an unexpected draw in domestic crude inventories versus market expectations for a new record high. U.S. crude's front-month contract rose by $1.86 to settle at $37.75 a barrel. It rallied to $37.90 earlier, after slipping to $35.24 the previous day, its weakest level since March 4. The front-month contract Brent gained $1.97 to close at $39.84 a barrel. Its session peak was $39.94.
read more... 07/04/2016
Saudi Arabia to conclude a $20 billion energy deal with Egypt
Saudi Arabia is expected to ink a $20 billion five-year deal to finance Egypt's needs for oil and petroleum products, during King Salman bin Abdulaziz al-Saud’s visit to Cairo this week.
read more... 07/04/2016
Eni ready to invest on solar projects in Africa
Italian oil major Eni is prepared to invest hundreds of millions of euros in expanding solar power projects in Africa, as stated by the conglomerate's CEO on Wednesday.
read more... 07/04/2016
Turkey: Sabanci will sell stake in Enerjisa activities before IPO
Turkey's Sabanci Holding intends to vend a minority stake in the electricity distribution and energy retail businesses of its Enerjisa unit to reduce debt before Enerjisa's initial public offering, as stated by a senior executive on Tuesday.
read more... 06/04/2016
Nordex to merge Spain's Acciona Windpower
German wind turbine maker Nordex has wrapped up a €785m deal to acquire Spanish rival Acciona Windpower (AWP) as it aims to create a new global wind energy powerhouse.
read more... 06/04/2016