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Daily: Oil rebounds on crude stockpiles withdrawal at Cushing hub
Crude oil prices boosted about 1 percent on Monday after figures indicated crude stockpiles at the Cushing, Oklahoma delivery hub plunged for the first time since January and ahead of the expiration of the U.S. front-month contract. However, oil increase was capped by worries that U.S. energy companies could boost drilling again after a two-month long recovery in crude prices. Brent crude futures for May delivery rose 34 cents, or 0.8 percent, to settle at $41.54 a barrel. Brent has rebounded 53 percent from 12-year lows of $27.10 attaint on January 20. U.S. crude's futures for April delivery climbed 47 cents, or 1.2 percent, to close at $39.91, expiring as the front-month.
read more... 22/03/2016
TransCanada on track to create one of North America's largest regulated natural gas transmission businesses
TransCanada Corp, the Calgary-based energy giant, will buy Columbia Pipeline Group for $10.2 billion, creating one of the largest regulated natural gas transmission businesses in North America.
read more... 18/03/2016
China wasted one fifth of wind power generated in 2015 due to low utilization efficiency
China wasted a total of 33.9 billion kilowatt-hours (kWh) of wind power in 2015 due to low utilization efficiency, the National Energy Administration (NEA) said, the equivalent of 20% of total generated wind power.
read more... 18/03/2016
IEA: Worldwide CO2 emissions flat in 2015
Global carbon dioxide emissions (CO2) from the energy sector stagnated in 2015 for the second consecutive year, given that renewable energies have increased, according to preliminary data from the International Energy Agency (IEA) on Wednesday.
read more... 17/03/2016
Doubling share of renewables by 2030 might save $4.2 trillion/year
Doubling the share of renewable energy in the global energy mix to 36 percent by 2030 might save the world economy approximately $4.2 trillion a year, research by the International Renewable Energy Agency (IRENA) revealed on Wednesday.
read more... 17/03/2016