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Daily: Oil prices stay flat as U.S. rig count decline offsets inventories concerns
Crude oil prices were flat on Thursday, cutting losses after a fresh decline in U.S. oil rigs, but analysts and traders stated that there it could occur another selloff in the next week if WTI crude inventories hit record highs again. U.S. crude's front-month contract eased 33 cents to close at $39.46 a barrel, rebounding from a session low of $38.33. For the week, it added two cents, settling up for a sixth consecutive week. Brent's front-month lost 3 cents on the day to trade at $40.44 a barrel, after an earlier decline to $39.22. For the week, it tumbled 76 cents, or nearly 2 percent, its first loss in six weeks.
read more... 25/03/2016
Australia establishes AU$1 billion clean energy fund to invest in emerging technologies
The Australian Government set up the AU$1 billion ($761.60 million) Clean Energy Innovation Fund (CEIF) to invest in clean and renewable technologies for commercial deployment.
read more... 25/03/2016
Sweden-Lithuania electricity connection out at least until April 8
An underwater electricity connection between Sweden and Lithuania will be out of service until April 8, longer than previously anticipated, Sweden's power grid operator declared on Thursday.
read more... 25/03/2016
Polish electricity companies could pay dividends for 2015
Poland's state-controlled power firms - PGE, Enea and Energa could pay out dividends this year in spite of their projected investment in troubled coal mining companies, as stated by a deputy energy minister on Thursday.
read more... 25/03/2016
Shell will develop Chinese petrochemical plant
Shell has made a final investment decision on developing a petrochemical plant with a Chinese company.
read more... 24/03/2016