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Daily: Crude oil advances on pre-holiday buying, weaker dollar
Oil prices hiked on Friday and Brent crude registered its biggest weekly gain since mid May, as investor’s positioned for the start of third quarter trading, while the dollar deprecation spurred prices for most commodities. Brent crude futures rose 64 cents, or 1.3 percent, to settle at $50.35 a barrel. It declined 1 percent early in the session. U.S. crude's West Texas Intermediate (WTI) futures boosted 66 cents, or 1.4 percent, to close at $48.99.
read more... 04/07/2016
Nordic Investment Bank grants funding for geothermal power plant in Iceland
Nordic Investment Bank (NIB) and electricity producer Landsvirkjun signed a USD 50 million long-term loan agreement without a guarantee of collection for the construction of the Theistareykir geothermal power plant in northeast Iceland.
read more... 01/07/2016
RWE renewables and power distribution unit to be rebranded ‘Innogy ‘
RWE has unveiled that it has “rebranded “its renewables and power distribution subsidiary Innogy following a spin-off from its conventional power unit, announced in December.
read more... 01/07/2016
UK unveils a stringent new climate goal
UK has established on Thursday a new target to slash carbon emission by 57 percent by 2032.
read more... 01/07/2016
Daily: Crude oil settles lower, but hit the best quarterly gain since 2009
Crude oil prices settled lower on Thursday, a day after recording their largest single-session gain since April, but prices still at their strongest quarterly rally since mid-2009. The prices were dragged down by profit-taking and investors' reluctance due to uncertainty after the British vote in favor of leaving the European Union (EU). West Texas Intermediate (WTI) crude for August delivery fell $1.55, or 3.1%, to settle at $48.33 a barrel on the New York Mercantile Exchange. For the quarter, WTI prices gained over 26.1% to record the best quarterly percentage gain since the second quarter of 2009. Brent crude for August delivery, which expired at the settlement, declined 93 cents, or 1.8%, to settle at $49.68 a barrel. Futures prices have gained 25.5% for the quarter, with the year-to-date gain at 33.3%.
read more... 01/07/2016