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Daily: Brent losses almost 4 % after top producers deal
Brent oil lost almost 4 percent on Tuesday, slashing early gains after top producers Russia and Saudi Arabia agreed to freeze oil output at near-record levels, the first coordinated move by the world’s two largest producers to counter a decline that has hit economies, markets and companies. Brent fell $1.21 to settle at $32.18 a barrel, after increasing earlier to $35.55. U.S. crude declined 40 cents at $29.04, off the day's peak of $31.53.
read more... 17/02/2016
Gamesa and Siemens discussing final terms of wind fusion
German engineering conglomerate Siemens and Spanish renewable energy group Gamesa are in final talks on a transaction to merge their wind power assets, as stated by two sources familiar with the situation on Wednesday.
read more... 11/02/2016
Daily: Crude oil falls 8 % on pessimistic U.S. , worldwide demand outlooks
Crude oil prices declined for a fourth consecutive session on Tuesday and hovered near to 12-1/2-year lows attained last month, after weak demand forecasts from the U.S. government and the western world's energy watchdog, while weakness in equities markets also dragged down prices. Brent crude oil fell $2.56, or 7.8 percent, to settle at $30.32 a barrel. It was the biggest drop in a day for Brent since September 1. WTI crude eased $1.75, or 5.9 percent, to end at $27.94. It dipped to $26.19 previous week, its lowest since May 2003.
read more... 10/02/2016
EnBW obtains service agreement for Iberdrola offshore wind park
EnBW, Germany's No.3 utility, has gained a services agreement for Iberdrola's offshore wind park Wikinger, focusing on its track record in construction and operating renewable assets since it moves from fossil-fuel electricity generation.
read more... 05/02/2016
Daily: Oil prices drop on China economic woes, increasing OPEC supply
Oil prices dropped for a second session in Asian trade on Tuesday since worries about major energy consumer China and increasing oil supply influenced markets, even though potential negotiations between OPEC and Russia on production cuts offered certain support.
read more... 02/02/2016