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Daily: Crude oil rebounds on alleviated concerns about Iran, modest U.S. stockpiles rise
Crude oil prices recovered considerable on Monday, up more than 5 percent as traders reevaluated how fast Iran could ramp up exports after a preliminary nuclear deal and estimated that months-hike in U.S. crude stockpiles may be at a slow path. Oil broadened gains after industry intelligence group Genscape unveiled that inventories at Cushing, Oklahoma posted the lowest increase since November last week.
read more... 07/04/2015
Cyprus, Ireland and Portugal distribute free 2015 carbon permits
Cyprus, Ireland and Portugal have by now distributed a total of approximately 13.82 million free European Union carbon permits to industry to cover their 2015 emissions, as shown by European Commission data on Tuesday.
read more... 18/03/2015
Daily: European spot power prices diverge with German prices up, French down
Crude oil prices tumbled again in post-settlement trade on Tuesday after a 3-day consecutive loss, as Industry group American Petroleum Institute (API) reported a considerable increase in U.S. crude stocks ahead of official data. Benchmark Brent oil had earlier ended up for the session, spurred by a weaker dollar and short-covering, while U.S. crude settled down on bets that inventories hit record highs for a 10th consecutive week. Brent crude for May delivery settled the session at $53.51, up 7 cents from Monday. WTI decreased to as low as $42.61 a barrel post-settlement, down $1.27. It had closed the session 42 cents lower at $43.46.
read more... 18/03/2015
RWE purchases minority stake in Conergy
Germany's second-largest utility RWE has purchased a minority stake in solar conglomerate Conergy, aiming to develop its position in the embattled solar industry after having missed the tendency for years.
read more... 17/03/2015
Scottish oil and gas tech start-up obtains £1.5 million
A start-up company based in An Aberdeen has won funding estimated at £1.5 million to develop new technology for the oil and gas industry.
read more... 12/03/2015