Tuesday saw the oil prices going up, after rumors that Iran is sending positive signals that they could support an OPEC joint action by limiting this way the market to prop up. Brent crude increased 80 cents, or 1.6 percent, arriving at $49.96 a barrel. U.S. West Texas Intermediate (WTI) crude increased 69 cents, or 1.5 percent, to close at $48.10.
read more... 24/08/2016
Britain's National Grid will be able to recover 95 million pounds($125.22 million) of the 113 million it has granted to two companies to supply back-up emergency electricity for winter 2016/17, as stated by regulator Ofgem on Tuesday.
read more... 24/08/2016
Global shale oil production will more than double between 2015 and 2040.
read more... 24/08/2016
The Austrian firm providing Tesla Motors Inc. with the technology it requires to turn sunshine into power is developing in the U.S. to capitalize on growth in the solar industry.
read more... 23/08/2016
Oil shed more than 3 percent on Monday, declining from last week's two-month highs, on concerns about growing Chinese fuel exports, with China's July diesel and gasoline exports increasing 181.8 percent and 145.2 percent, respectively, putting this way pressure on refined product margins.
read more... 23/08/2016