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Daily: Electricity spot prices increase on robust demand and decline in renewables
Crude oil prices declined about 3 percent on Tuesday, mirroring intensifying concerns that a two-month hike vanished as demand fails to keep pace with oversupply, including new output from Kuwait and Saudi Arabia. Brent crude eased $1.13 to settle at $39.14 a barrel, while U.S. crude lost $1.11 to close at $38.28 per barrel.
read more... 30/03/2016
Asian Development Bank to grant $450 mln in loan to expand Shah Deniz II project in Azerbaijan
Azerbaijan state-run energy company Socar has applied for a $450mn loan from the Asian Development Bank (ADB) to bolster its Shah Deniz project.
read more... 30/03/2016
Egypt: EGAS finalizes tender for two LNG cargoes for April delivery
Egypt has acquired two liquefied natural gas (LNG) cargoes for April delivery from two international firms, EGAS Chairman Khaled Abdel Badie told Reuters on Sunday, without mentioning which two companies won the tender.
read more... 29/03/2016
Fukushima to be transformed in a green energy hub
A public-private council has been set up in the city of Fukushima for the purpose to turn the prefecture into a renewable energy hub in just few years.
read more... 29/03/2016
Daily: Oil futures close down in thin Easter holiday trade
Crude oil futures fell for a second consecutive session on Monday in thin Easter holiday trade and as hedge funds and other large speculators were skeptical to bet on a two-month long price recovery amid robust crude stockpiles.
read more... 29/03/2016