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Daily: Crude oil ends down hit by oversupply fear, gasoline rally
Crude oil prices lost up to 2% on Friday to hit multi-week lows after Iran, the third-biggest OPEC producer, raised crude exports to over 2 million barrels per day (bpd) in August, intensifying fears about a global glut, while gasoline increased on refinery and pipeline outages. Bearish U.S. equity markets and rising dollar also had an impact on crude futures and other commodities denominated in the greenback. Brent crude futures declined 82 cents, or 1.8%, to settle at $45.77 a barrel, reaching a two-week low of $45.48. U.S. West Texas Intermediate crude futures fell 88 cents, or 2%, to close at $43.03 a barrel. WTI hit a five-week bottom of $42.74. For the week, Brent lost 5%, while WTI lost 6%.
read more... 19/09/2016
Total purchases cheaper the Chesapeake's Barnett Shale assets
French oil and gas company Total will enhance its exposure to U.S. shale gas by acquiring 75 percent of Barnett Shale assets from Chesapeake, taking advantage of a far lower price than it paid for its initial 25 percent holding.
read more... 13/09/2016
Daily: French spot electricity prices buoyed by higher consumption, weak nuclear output
Crude oil futures closed higher on Monday lifted by a weaker dollar and stronger U.S. equity markets which offset worries about increasing drilling activity for oil in the United States. Prices also received a boost from forecasts that U.S. shale oil production could dip for an 11th consecutive month in October. Brent crude rose 31 cents, or 0.7 percent, at $48.32 per barrel. U.S. West Texas Intermediate crude gained 41 cents, or nearly 1 percent, to settle at $46.29.
read more... 13/09/2016
Investors ask G20 nations to approve Paris climate deal this year
Investors running assets of over $13 trillion urged leaders of the Group of 20 on Wednesday to approve a global climate deal by the end of 2016 and to intensify efforts to move from fossil fuels.
read more... 29/08/2016
Exergy targets extra 200MW geothermal by 2017 in Turkey
The Turkish division of Italian producer in the geothermal sector, Exergy, targets to add 100 megawatts (MW) of geothermal power by the end of this year and with an extra 100 MW by 2017, declared Matteo Quaia, deputy general manager of Exergy Turkey.
read more... 15/08/2016