Crude oil futures tumbled on Wednesday after Libya said it will increase production over the next few months and after the release of a report showing an unexpected build in U.S. crude stockpiles last week. Brent futures for February delivery eased 89 cents, or 1.6 percent, to close at $54.46 a barrel, while U.S. West Texas Intermediate crude for February declined 81 cents, or 1.5 percent, to end at $52.49 per barrel.
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Britain's High Court ruled on Tuesday that a local government's shale gas fracking license award to developer Third Energy was legal after it was challenged by Friends of the Earth.
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Total, the French multinational integrated oil and gas company and one of the six “supermajor” oil companies in the world, will buy a 23 percent stake in Tellurian Investments, a private U.S. gas projects operator, for $207 million.
read more... 21/12/2016
Emerging nations have seen solar energy investment raise by 11 times since 2010.
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Crude oil prices boosted on Tuesday but closed below session highs after Libya unveiled the restarts of pipelines after a two-year blockade that ended earlier this month. Benchmark Brent crude for February delivery rose by 43 cents, or 0.8 percent, to settle at $55.35 a barrel after touching an intraday high of $55.92. U.S. crude futures a gained 1.46 percent to $52.88 a barrel. Libya expects to add 270,000 barrels a day in state production in the next three months.
read more... 21/12/2016