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Top energy companies to create green fund
Seven international oil and gas majors are envisaging creating a joint fund to develop new renewable energy technologies.
read more... 04/11/2016
Daily: Spot French power contract rallies on extended number of outages at EDF’s nuclear plants
Crude oil prices ended down more than 1 percent on Thursday as investors remained skeptical about whether OPEC will cap its production. U.S. crude lost 68 cents, or 1.5 percent, to settle at $44.66 per barrel. At one moment, oil had declined more than $1 a barrel and hit a session low of $44.37. Brent crude eased 51 cents, or 1.1 percent, to end at $46.35 a barrel. It reached a session low of 45.99.
read more... 04/11/2016
Daily: Crude oil prices down 3 percent on record U.S. crude stockpiles increase
Crude oil prices declined 3 percent on Wednesday after a record weekly increase in U.S. crude inventories triggered investors’ concerns about a global oversupply, after analysts estimated higher monthly OPEC crude production. U.S. West Texas Intermediate (WTI) crude lost $1.33, or 2.9 percent, to settle at $45.34 a barrel. It broke the $45 support earlier, plunging to a five-week low of $44.96. Brent eased $1.28, or 2.7 percent, to close at $46.86, after falling to $46.46, its lowest since September 28.
read more... 03/11/2016
Daily: British spot gas prices increase on falling temperatures
Crude oil prices closed lower on Tuesday, then declined again after hours as the American Petroleum Institute (API) reported that U.S. crude inventory swelled nine times than forecasted. U.S. West Texas Intermediate (WTI) crude lost 19 cents to settle at $46.67. During the session, it fell as low as $46.20, its lowest level since September 28. After the API report, it tumbled to $46.27. Brent crude reached a one-month low at $47.72 before ending down 47 cents at $48.14. In post-settlement trade, it declined to $47.86.
read more... 02/11/2016
Norway predicts around 15 expansion plans from oil companies in 2017/2018
Oil companies are likely to submit about 15 development plans for oil and gas fields off Norway over the next two years, as stated by the manager of the Norwegian Petroleum Directorate on Monday.
read more... 01/11/2016