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Daily: European forward power prices at highest level in 10 weeks, spurred by firmer coal, spot power
Crude oil prices ended up 3 percent on Monday on renewed hopes that top crude exporters might make progress on a deal to limit production. The world’s major producers met in Algeria to discuss ways to prop up prices. Brent crude futures rose by $1.46, or 3.2 percent, to settle at $47.35 a barrel after fluctuating between $45.74 and $47.66. U.S. West Texas Intermediate (WTI) crude futures advanced $1.45, or 3.3 percent, to settle at $45.93 after a session high of $46.20 and low of $44.43.
read more... 27/09/2016
Centrica in the process of vending Canada oil and gas assets
Centrica, Britain's biggest utility firm, is in the process of vending all of its Canadian oil and gas assets and abandoning operations in the country, as stated by a company spokesman on Monday.
read more... 27/09/2016
Daily: Crude oil dips 4 percent as no output freeze deal expected for OPEC
Crude oil prices plunged 4 percent on Friday as Saudi Arabia and its rival Iran were making little progress in achieving preliminary deal ahead of OPEC talks aimed at freezing production. The United States was on the track to increase the number of oil rigs in a quarter, move that weighed on sentiment. Another bearish factor was weaker equity prices on Wall Street. Brent crude futures lost $1.76, or 3.7 percent, to settle at $45.89 a barrel. For the week, it added 0.3 percent. U.S. West Texas Intermediate crude futures declined $1.84, or 4 percent, to close at $44.48. On the week, WTI rose 3 percent.
read more... 26/09/2016
EDF and Britain will ink Hinkley Point contracts on Thursday
French state-controlled utility EDF has decided to ink agreements with the British government for its Hinkley Point nuclear project on Thursday, as mentioned by French financial daily Les Echos.
read more... 26/09/2016
Algeria and ENI ink solar plant agreement
Algerian state energy firm Sonatrach has inked an agreement with Italian company ENI for a solar power plant, as declared by a state news agency APS on Friday, since the North African state looks to reduce domestic consumption of gas for electricity and export more.
read more... 26/09/2016