Latest news
Daily (11.01.2017): Crude oil dips 2% on stronger dollar, doubts OPEC reductions
Crude oil prices shed 2 percent on Tuesday to hit the weakest level in nearly a month, prolonging the previous session’s sell-off as the U.S. dollar appreciated and on intensified doubts over whether producing countries would implement a deal to curb output.
read more... 11/01/2017
Amundi acquires majority stake in gas-fired cogeneration plants in France
A joint venture between asset management firm Amundi and French utility EDF has purchased a majority stake in 132 gas-fired cogeneration plants in France for 150 million euros ($159 million), Amundi declared on Tuesday.
read more... 11/01/2017
China invests more and more in renewable energy projects
Last year, China enhanced its foreign investment in renewables by 60 percent to hit a record of $32 billion, as indicated in a new report from the Institute for Energy Economics and Financial Analysis. This comprises 11 new overseas investment agreements estimated at more than $1 billion each. The country is likely to invest extra $361 billion in its own renewable energy sector by 2020, turning this way into the leading clean energy player in the world.
read more... 10/01/2017
Russia reduced oil output as part of the Vienna agreement
Russia started to cut oil production in early January by around 100,000 barrels per day following an agreement with OPEC to cap global crude output signed at the end of last year, as mentioned by sources in the industry.
read more... 10/01/2017
Daily (10.01.2017): British gas prices rise on cold snap forecasts
Oil prices sank by around 4% on Monday on concerns that record Iraqi crude exports and rising U.S. production would undermine OPEC's efforts to lessen global oversupply. In Iraq, OPEC's second major producer, oil exports from the southern Basra ports hit a record high of 3.51 million barrels per day (bpd) in December, according to the oil ministry.
read more... 10/01/2017