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Daily: German year-ahead power prices decline tracking bearish energy markets
Crude oil prices traded higher on Wednesday as dollar devaluation and weaker U.S. crude inventories provided a slight increase from six-year lows hit in the previous session, while concerns about China’s depreciating currency and economic downturn deflated prices . WTI crude futures rose 22 cents, or 0.5 percent, to close at $43.30 a barrel, after gaining almost 80 cents at the session high. The market lost $1.88, or more than 4 percent, on Tuesday, closing at $43.08 a barrel, its lowest since March 2009. Futures of Brent edged 48 cents up, or 1 percent, to touch $49.66 a barrel, after a session peak at $50.01.
read more... 13/08/2015
Polish PGNiG to launch oil and gas exploration in Germany
Polish state-controlled oil and natural gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is expected to commence oil and gas explorations in eastern Germany, as part of a bigger plan to boost production assets outside Poland.
read more... 07/08/2015
China expected to add over 1 GW of solar capacity
China is expected to add over 1 GW of solar capacity, as the development of two massive projects gets underway.
read more... 06/08/2015
BP focuses new investments on North Sea development
British oil giant BP aims to invest $1 billion (£640 million) developing key North Sea assets, at a time when other oil companies want to quit the ageing UK North Sea basin.
read more... 06/08/2015
Daily: Crude oil starts to gain ground after four-day loss
Crude oil prices erased a part of their recent decline on Tuesday, with Brent rebounding from near six-month lows and WTI crude rising more than 1 percent, spurred by bets for a decline in U.S. inventories which attenuated worries about a global oversupply and China’s stock market plunge. Brent futures decreased by 17 cents, or 0.3 percent, to close at $53.30 a barrel. It had hit $52.28 earlier in the session, its lowest since early February. U.S. crude futures boosted 59 cents, or 1.2 percent, to settle at $47.98 a barrel.
read more... 29/07/2015