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Daily: German day-ahead power prices decline on stronger renewable output
Crude oil declined nearly 4 percent on Wednesday, dragged down by robust supply and worries about demand being slashed slowing economic growth. Oil futures prolonged losses as U.S. equities turned lower after economic stimulus outlook from China spurred stock markets in Japan and Europe. Brent crude declined by $1.94, or 3.92 percent, to settle at $47.58 after boosting 4 percent in the previous session. U.S. crude lost $1.79, or 3.9 percent, to settle at $44.15, having declined on Tuesday as trading restarted after the Monday's Labor Day holiday.
read more... 10/09/2015
Daily: Brent crude up 4 %, on equity rally, WTI down
Brent crude rose by 4 percent on Tuesday as equity markets rally helped the global oil benchmark recover the bulk of its losses from the previous session. WTI crude declined slightly in volatile trade, reopening from Monday’s U.S. market close for the Labor Day holiday to news of refinery outages. Gains in Brent hiked in New York after the European equities rally expanded to Wall Street. London-traded Brent boosted $1.89 to settle at $49.52 a barrel, and traded at $49.50 by 4:35 p.m. EDT (2135 GMT) in post-settlement trade. It slipped $1.98 in the previous session. U.S. crude lost 11 cents, or almost a quarter percent, to close at $45.94, and stood at $45.86 by 4:35 p.m. It had shed almost $2 earlier in the session.
read more... 09/09/2015
Daily: Oil markets prolonged gains after biggest daily increase in 6 years
Crude oil futures increased on Friday, adding to their major one-day rally in over six years the day before, due to recovering equity markets and news of reduced crude supplies.
read more... 28/08/2015
Total vends North Sea gas pipelines for $907 million
French oil major Total has decided to vend several of its gas pipeline assets in the UK's North Sea to North Sea Midstream Partners, an associate of U.S.-based private equity company ArcLight Capital, for 585 million pounds ($907 million).
read more... 28/08/2015
EDF acquires US wind energy developer
EDF’s renewable unit has purchased a wind power developer in the US. It presently possesses 100% of OwnEnergy’s assets, which comprises its pipeline of future wind projects.
read more... 27/08/2015