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Daily: Crude oil rebounds 3% on China measures to boost economy, decline in crude oil output
Crude oil prices rose 3 percent on Monday after China took measures to boost its slowing economy, a reduction in crude output from OPEC and the U.S., and an engagement by Saudi Arabia to curb market volatility. Brent crude's front-month contract for April delivery climbed 87 cents, or 2.5 percent, to settle at $35.97 a barrel before expiring and going off the board. Brent for May delivery increased $1.13, or 3.2 percent, to close at $36.57 a barrel. U.S. crude's front-month contract added 97 cents, or 3 percent, to stand at $33.75.
read more... 01/03/2016
Daily: European prompt power prices down, while forwards up on stronger fuel prices
Crude oil tumbled on Friday as investors took big weekly profits after a hike driven by disruption to crude supplies and gains on Wall Street from U.S. economic data. Brent crude eased 19 cents to settle at $35.10. It attained a high of $37 earlier, the highest since January 5. U.S. crude fell 29 cents at $32.78 a barrel, after raising almost $1.70 earlier.
read more... 29/02/2016
Eni cuts investment after substantial fourth-quarter loss
Italian oil producer Eni declared it will slash investments by 20 percent this year and accelerate lower-cost projects after impairments because of weak oil prices resulted in a substantial fourth-quarter loss.
read more... 29/02/2016
Daily: Crude oil prices rebound 3% on confirmation of a producers meeting in March
Crude oil futures rose 3 percent on Thursday, reversing previous losses after news of a meeting of major producers in March to stabilize prices and on project delays and job layoffs in the industry. Brent crude futures rose 88 cents, or 2.6 percent, to close at $35.29 a barrel, reaching a three-week high. It had also declined more than $1 earlier.
read more... 26/02/2016
Poland will develop geothermal energy since wind farms spoil landscape
Poland, under pressure from the EU to reduce its utilization of extremely polluting coal, will develop geothermal energy resources rather than wind farms which destroy the landscape, as stated by its environment minister on Wednesday.
read more... 25/02/2016