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Daily (15.04.2020): WTI crude lost 10.3% on Tuesday due to weak global demand
Crude oil futures decreased sharply on Tuesday as weak demand and supply glut eclipsed the support from an agreement over the weekend by major oil producers to curb output. Consequently, Brent crude for June delivery fell by $2.14, or 6.7%, to settle at $29.60 a barrel. U.S. WTI crude plunged by $2.30 or 10.3%, to close at $20.11 a barrel.
read more... 15/04/2020
Daily (10.04.2020): Oil prices turned bearish on Thursday due to traders’ skepticism towards the OPEC historic deal
Oil futures fell sharply on Thursday as the traders doubted that the OPEC+ agreement to cut oil output by 10 million barrels per day would be enough to offset the massive destruction of the demand hit by the coronavirus pandemic.
read more... 10/04/2020
Daily (09.04.2020): WTI crude jumps by over 6% on Wednesday, due to a potential supply cut agreement between OPEC and its allies.
Crude oil prices added ground on Wednesday, due to a potential supply cut deal this week between OPEC and its allies including Russia. Consequently, Brent crude rose by 3% to $32.84 a barrel. The news that U.S oil output was declining without government’s intervention also supported oil prices. As a result, WTI futures jumped by 6.2% to $25.09 a barrel.
read more... 09/04/2020
Dutch wind powers data centre
Global provider of data centre services QTS Realty Trust has signed agreements to purchase renewable energy to supply its newly acquired facility in Groningen, in the Netherlands.
read more... 12/03/2020
Serbia's EPS signs 350 MW TPP construction deal with Powerchina
Serbian state-owned power utility Elektroprivreda Srbije (EPS) has signed a preliminary agreement for the construction of the 350 MW Kolubara B thermal power plant (TPP) with Powerchina, it said.
read more... 10/03/2020