Crude oil prices ended under $36 a barrel on Tuesday, posting their weakest settlement in about two weeks, dragged down by worries about expanding global oversupply and downbeat economic data from China. Brent crude for February delivery on London’s ICE Futures exchange eased 80 cents, or 2.2%, to settle at $36.42 a barrel. West Texas Intermediate crude for February delivery declined by 79 cents, or 2.2%, to close at $35.97 a barrel on the New York Mercantile Exchange.
read more... 06/01/2016
Oil prices declined in volatile trading, as equities market fell sharply on fears of China's sluggish economy. Previously, crude had rose 4% on Middle East tensions. Data showing a stockpile increase at the Cushing, Oklahoma delivery hub for U.S. crude futures helped reverse crude prices. Brent eased 6 cents to close at $37.22 a barrel and U.S. West Texas Intermediate futures lost 28 cents to settle at $36.76 a barrel.
read more... 05/01/2016
More than 40 Chinese insurance firms and asset managers have conjointly launched an investment company, increasing 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas, as stated by China's insurance regulator.
read more... 05/01/2016
China will slash tariffs for wind and solar electricity generators, unveiled the Chinese National Development and Reform Commission (NDRC), blaming recent declines in operating costs.
read more... 29/12/2015
Russia's Gazprom has offered Stroygazmontazh (SGM) agreements estimated at 197.7 billion roubles ($2.8 billion) for work on the construction of the Power of Siberia gas pipeline to China, as shown in the tender documents published on a government website.
read more... 28/12/2015