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Daily: British spot gas prices up, spurred by outages, firmer oil prices
Crude oil prices climbed over 3 percent on Monday amid fresh speculation that OPEC would try to cut output, reducing supply glut worries that had pushed the market into three-month lows last week. U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.22, or 2.9 percent, to settle at $43.02 per barrel. WTI reached April lows below $40 a barrel last week. Brent crude increased $1.12, or 2.5 percent, to close at $45.39.
read more... 09/08/2016
GE signs a $31 million deal with Mytrah Energy to fund a 200MW wind farm in India
U.S.-based energy company GE has inked a deal with one of the largest independent wind energy companies India- based Mytrah Energy, for the development of a 200MW wind energy project in Andhra Pradesh, India.
read more... 08/08/2016
Huge Australian renewable park obtains approval
The Australian Government has given approval for a combined wind and solar park in Southern Australia.
read more... 08/08/2016
PGNiG will supply to Ukrainian industrial market
Polish state-run oil and gas conglomerate PGNiG declared on August 4 it had started supplying to ERU Trading, the biggest privately-owned energy trader in Ukraine and a unit of Energy Resources of Ukraine. Deliveries will go to provide natural gas to Ukrainian industrial users.
read more... 08/08/2016
Daily: Crude oil prices in slight decline as late short-covering offsets dollar impact
Crude oil prices closed little changed on Friday as short-covering returned in late trading, slightly declining as the U.S. dollar increased on upbeat U.S. jobs figures. The U.S. WTI contract for September delivery fell modestly 13 cents, or 0.3 percent, to close at $41.80 per barrel, after declining nearly 2 percent earlier. Brent crude's front-month lost just 2 cents to end at $44.27 per barrel. Previously in the session, it tumbled to $43.51.
read more... 08/08/2016