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Daily: Oil hits fourth-consecutive day of gains, European power prices gain ground on firmer demand, tight nuclear
Crude oil futures settled higher on Tuesday, with prices posting a fourth consecutive session gain, spurred by U.S. dollar weakness in a context of revived talks to limit production next month. September West Texas Intermediate crude rose 84 cents, or 1.8%, to settle at $46.58 a barrel on the New York Mercantile Exchange. October Brent crude on London’s ICE Futures exchange increased 88 cents, or 1.8%, to settle at $49.23 a barrel. WTI and Brent both rallied at their highest levels in more than a month.
read more... 17/08/2016
Japan's Jera plans 42 percent reduction in long-term LNG agreements by 2030
Japan's Jera Co, the world's largest importer of liquefied natural gas (LNG), a joint venture between Tokyo Electric Power and Chubu Electric Power, intends to reduce the amount of gas it acquires under long-term agreements by 42 percent by 2030 from existing levels, as stated by the company's president.
read more... 16/08/2016
Three-way competition for acquisition of stake in Greek electricity grid
RTE of France, Terna of Italy and State Grid International Development of Hong Kong have completed a second round in Greece's sale of a stake of 24 per cent in Greek grid firm ADMIE.
read more... 16/08/2016
Germany: Merkur offshore wind project secures EUR 1.6bn from investors and banks
A consortium led by DEME Concessions Wind, which includes five sponsors has provided nearly EUR 500 million in equity to develop the 396-MW Merkur offshore wind project in the German North Sea.
read more... 16/08/2016
Daily: Crude oil continues rally to five-week highs, up 10 percent in a three-day hike
Crude oil prices reached five-week highs on Monday, jumping about 10 percent cumulatively in the past three sessions on intensifying speculation over potential producer meeting to prop up prices amid an oversupply. Brent crude rose $1.38, or 2.9 percent, to close at $48.35 a barrel. It extended gains after settlement, hitting $48.46, its highest level since July 12. Since the start of August, it has rallied about 14 percent. U.S. West Texas Intermediate (WTI) crude climbed $1.25, or 2.8 percent, to settle at $45.74 a barrel. It also boosted in post-settlement trade to $45.87, its highest level since July 21. WTI has progressed 10 percent on the month.
read more... 16/08/2016