Latest news
German utility RWE’s first half profit hit by nuclear exit
The German energy group, RWE said that its first-half net profit sharply plunged by 39% to €1.7 billion ($2.4 billion), amid supplementary costs related to the country’s decision to phase out nuclear power and a tax on nuclear fuel.
read more... 10/08/2011
Daily energy Overview, Wednesday, August 10, 2011
Crude oil futures increased in the post-settlement trading on Tuesday after released report by API about a surprise 5.2 million-barrel draw in the U.S. stockpiles previous week. NYMEX crude for September delivery traded at 81.75 dollars a barrel, up 44 cents after a trading range between 75.71 and 83.05 dollars. Meanwhile, by 20:00 GMT, ICE Brent crude for September delivery traded at 104.21 dollars a barrel, up 47 cents.
read more... 10/08/2011
GDF Suez to ink a deal with China Investment Corp
GDF Suez is near to ink a deal in which China Investment Corp. (CIC) would take a 30% stake in the French energy company's exploration and production business for as much as €3billion ($4.3bn).
read more... 09/08/2011
Daily energy Overview, Tuesday, August 09, 2011
U.S. and Brent crude oil futures pared huge losses on Monday, having hit the lowest level since February after a U.S. credit downgrade sparked financial and commodity markets. U.S crude for September delivery traded at 81.31 dollars a barrel, down 5.57 dollars, registering the lowest level since November 23, 2010, when it closed the session at 81.25 dollars a barrel.
read more... 09/08/2011
Daily energy Overview, Monday, August 08, 2011
U.S. and ICE Brent crude oil futures increased on Friday after three days of consecutive looses backed by a higher than expected increase in U.S. jobs data for July and a pipeline fire in Iran.
read more... 08/08/2011