Latest news
European Investment Bank injects 125 million euros in Icelandic 90MW geothermal plant
European Investment Bank (EIB) has inked a EUR 125 million loan agreement with Landsvirkjun, the National Power Company of Iceland, to finance a new geothermal power station and its geothermal wells at Theistareykir, near Husavik in northeastern Iceland.
read more... 13/06/2016
Daily: Crude oil prices fell 3% on U.S. oil rig count increase
Crude oil prices closed down 3 percent on Friday after figures indicating the U.S. oil rig count bounding for a second consecutive week and the appreciating dollar weighted on demand for greenback-denominated crude futures. Brent's front-month eased $1.41 to close at $50.54 a barrel, declining 2.7 percent for its largest drop in a month. The front-month in U.S. crude's West Texas Intermediate (WTI) futures lost $1.49 to $49.07, down 3 percent, marking the largest decline since early April.
read more... 13/06/2016
Russian firm brings more oil online in Iraq
Output from three new wells brought online at the Badra oil field add to the overall daily production from OPEC-member Iraq, as indicated by a Russian field operator.
read more... 10/06/2016
Dong Energy valued at $15bn in Europe’s biggest listing
Dong Energy, the Danish company that owns offshore wind farms around the UK, was valued at $15bn, confirming its place as one of the leading players in the European energy market.
read more... 10/06/2016
Daily: British spot gas prices jump on weaker imports from Norway
Crude oil prices ended down on Thursday, reversing a three-day hike after touching another 2016 high, as a stronger dollar triggered profit-taking in crude futures by investors. However, persistent worries about supply disruption in Nigeria limited losses. Brent crude oil futures closed down 56 cents at $51.95 a barrel, after declining nearly $1 earlier. It attained a 2016 high of $52.86 during the session. U.S. crude's WTI futures eased 67 cents to settle at $50.56, after falling $1 at the session low. WTI's intraday peak was $51.67, the highest level for this year.
read more... 10/06/2016