Crude oil futures slashed previous losses to close steady on Wednesday after a smaller-than-expected supply increase in the United States and a decline in the number of U.S. rigs actively drilling for oil. Brent crude futures rose 5 cents to settle at $46.17 on Wednesday, after slipping more than $1 to a session low of $45.03. U.S. crude's WTI futures ended the session 17 cents higher at 43.04 a barrel. WTI had also shed over $1 to hit an intraday low of $41.72.
read more... 26/11/2015
Egypt has obtained a first tranche of funding for an 8 billion euro ($8.5 billion) plan for power plants to be constructed by Germany's Siemens, as stated by the company and electricity ministry.
read more... 24/11/2015
German utility company RWE envisages selling its British business Npower, as billing glitches triggered an exodus of customers, declared Bernhard Guenther, its chief financial officer (CFO).
read more... 23/11/2015
Norwegian grid operator Statnett on Friday ordered a provisional cut of electricity consumption by industries in Oslo from Sunday to avoid a power outage after a blackout that affected parts of the capital on Wednesday.
read more... 23/11/2015
Brent oil edged 1% higher on Friday on short-covering before weekend, while WTI crude declined, but just above the $40-per-barrel threshold, struggling to defend after a hike in stockpiles. Brent futures rose 48 cents to close at $44.66 a barrel. It boosted to as high as $45.50 during its late rally. U.S. crude's WTI for December delivery expired on Friday down 15 cents at $40.39 after attaining a low of $38.99, the weakest since August 27. WTI for January delivery ended 18 cents higher at $41.90.
read more... 23/11/2015