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Daily: Brent crude hikes four-month high ahead of Doha producers meeting
Brent crude prices rallied to a four-month high on Monday, spurred by strong commodities markets ahead of Doha meeting on April 17 aimed at freezing current output levels. Brent crude futures, the global benchmark, rose 89 cents, or 2.12 percent to settle at $42.83 a barrel, after hitting the highest level since December 7 earlier in the day. U.S. crude futures boosted 64 cents, or 1.6 percent, to close at $40.36 a barrel.
read more... 12/04/2016
Allianz expects to double infrastructure investments in the following 2-3 years
German insurer Allianz is looking to double its investments in infrastructure and clean energy projects within the next two to three years since it wants to diversify on where it invests its 638 billion euros ($726 billion) of assets, the manager of Allianz Capital Partners (ACP) declared.
read more... 12/04/2016
India may invest $20bn in Iranian oil and petrochemicals projects to raise imports
India may invest as much as $20bn in oil, petrochemicals and fertiliser projects in Iran in order to import more crude to cover its demand.
read more... 12/04/2016
Russia's Gazprom and France's Engie resolve pricing row
Russia's Gazprom declared on Monday it had consented the price change in a supply agreement with France's Engie and the French energy conglomerate had stopped arbitration proceedings.
read more... 12/04/2016
Czech EPH will purchase Vattenfall's German lignite coal operations
Sweden's Vattenfall has decided in principle to sell its loss-making lignite coal mines and associated electricity plants in Germany to Czech investor EPH after two competitor bidders dropped out, as stated by three people familiar with the matter on Friday.
read more... 11/04/2016