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Daily (28.08.2017): Oil prices rose on Friday as the US are heavily hit by Hurricane Harvey
Oil prices rose on Friday, as the U.S. dollar weakened and the U.S. Gulf Coast is being hit by Hurricane Harvey, likely to become the biggest storm to affect United States mainland in more than a decade. Refineries, terminals, onshore and offshore production operations and other infrastructure have been shut down or begun storm preparations. Brent crude edged up by 0.71% to $52.41 a barrel, while WTI price surged by almost 1% to end at $47.87 a barrel.
read more... 28/08/2017
Hurricane Harvey forces 10 refineries to close
Because of the tropical storm Harvey ravaging the US’ leading energy hub, key oil refineries were forced to shut down.
read more... 28/08/2017
Last segment of the Fukushima ice wall is being frozen
The last section of the ice wall surrounding the damaged Fukushima Daiichi reactors is being frozen, as stated by Tokyo Electric Power Company. The wall ensures that no water from the outside enters the reactor building basement, and no contaminated water from the inside escapes to the outside.
read more... 25/08/2017
Australia intends to build world’s largest wind farm
A recent announcement has disclosed plans for the largest wind farm in the world to be constructed in Queensland, Australia.
read more... 24/08/2017
Rosneft extends to the Asian market, buys India’s Essar Oil
Russian oil company has made a $12.9 billion worth purchase of the Indian refinery Essar Oil, which will enable them to establish and expand their services in one of the world’s fastest growing oil consumers.
read more... 23/08/2017