Latest news
Daily: UK gas prices rise on colder weather predictions, lack of LNG arrivals
Oil prices attained session highs on Wednesday, increasing to their highest since June, after the U.S. government reported another unexpected weekly drawdown in crude inventories.
read more... 06/10/2016
Saudi Electricity offers France's Engie $1.2 billion electricity station agreement
Saudi Electricity Co declared on Wednesday that in collaboration with national oil giant Saudi Aramco, it had offered a contract to French utility firm Engie to construct a 1,504 megawatt power plant.
read more... 06/10/2016
Daily: Spot electricity prices tumble on firmer renewables output
Crude oil prices ended down on Tuesday after a dollar increase offset optimism over planned OPEC output reduction before a report indicating another weekly decline in U.S. crude stocks pushed prices up toward four-month highs in the post-settlement trade. Brent crude lost 2 cents at $50.87 a barrel, after rising to $51.37 during the session, its highest level since June 10. U.S. WTI crude settled down 12 cents at $48.69, after hitting $49.13 earlier, the highest level since July 5.
read more... 05/10/2016
Daily: Brent breaks the $50 mark as Iran urges for non-OPEC support
Crude oil prices surged over 1 percent on Monday, with Brent ending the session above $50 a barrel for the first time since August and WTI crude reaching three-month highs after Iranian president urged for other oil producers to join OPEC in stabilizing the market. Brent crude rose by 70 cents, or 1.4 percent, to settle at $50.89 a barrel. It marked its first close above the key $50 mark since August 19. U.S. WTI crude settled up 57 cents, or 1.2 percent, to end at $48.81. Prior to settlement, it rallied to $49.02, its highest level since July 5.
read more... 04/10/2016
Azerbaijan to start gas deliveries to Balkan Gas Hub by 2020
Gas from Azerbaijan’s giant Shah Deniz 2 in the Caspian Sea will enter the Balkan Gas Hub in Bulgaria by 2020, as assured by Azerbaijan’s state oil company SOCAR.
read more... 03/10/2016