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Daily: U.S. crude hits the largest monthly loss in a year pressured by oversupply concerns
Crude oil prices closed down nearly 2 percent on Thursday, attaining the lowest level since April and with U.S. crude poised to hit the largest monthly loss in a year, on intensifying worries about crude oversupply. U.S. crude's West Texas Intermediate (WTI) futures fell 78 cents, or 1.9 percent, to settle at $41.14 a barrel. WTI earlier dipped to $41.04, its weakest since April 20. Brent crude futures declined 77 cents, or 1.8 percent, to close at $42.70, after slipping earlier to $42.56, the lowest since April 18.
read more... 29/07/2016
Europe predicts $15.3 billion investment in offshore wind at half-year mark
The European offshore wind power industry attracted a record $15.3 billion (EUR 14 billion) in new investments during the first six months of 2016, but the manager of WindEurope stated cost decrease remains imperative.
read more... 28/07/2016
Royal Dutch Shell: Quarterly earnings plummet over 70%, challenged by low oil and gas prices
British oil major Royal Dutch Shell reported a sharp drop in its quarterly profits, down by more than 70%, below analysts’ expectations.
read more... 28/07/2016
EDF shareholders authorize $4.4 billion fundraising for nuclear electricity
Shareholders at EDF have approved a $4.4 billion equity fundraising that will go towards paying for the UK’s Hinkley Point C plant as well as improving other nuclear facilities in France.
read more... 28/07/2016
Daily: UK gas prices hit by supply glut
Crude oil prices declined 3 percent on Wednesday, with WTI crude futures reaching three-month lows, as U.S. crude and gasoline inventories hiked on low demand during the peak summer driving season. U.S. West Texas Intermediate (WTI) crude futures fell $1, or 2.3 percent, to settle at $41.92 a barrel. WTI's session low was $41.68, the weakest level since April 20. Brent futures eased $1.40, or 3.1 percent, to close at $43.47 a barrel. Brent earlier slipped to $43.33, the lowest since May 10.
read more... 28/07/2016