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Daily: European forward power prices increase on firmer fuel markets
Crude oil prices lost ground on Monday, after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading toward balance were mitigated by weakening demand in Asia, gasoline oversupply and expectations that crude output could rise. Brent crude futures eased 25 cents to settle at $50.10 per barrel. U.S. crude futures fell 23 cents to close at $48.76 per barrel. The trading for U.S. crude was thin as markets were closed on Monday for the U.S. Independence Day holiday.
read more... 05/07/2016
Energy giant BP, Eni made a significant gas discovery off Egyptian coast
Energy giants BP and Eni on Thursday unveiled a considerable gas discovery off Egyptian coast, adding to a series of finds in the region in the last year.
read more... 10/06/2016
Daily: Crude oil prices shed on U.S. rig number increase
Crude prices fell more than 1 percent on Friday, prolonging losses after weekly industry figures showed U.S. drillers added nine oil rigs last week. Prices had already declined in early trade on concerns about the U.S. economy, but losses were capped by a weakening dollar. Brent crude futures ended the session down 40 cents at $49.64 per barrel. However, Brent’s remained almost double January lows, hitting its eighth weekly gain in nine weeks. U.S. West Texas Intermediate (WTI) crude futures eased 55 cents to settle at $48.62. For the week, prices dropped 1.1 percent, its first weekly decline in four weeks.
read more... 06/06/2016
Phoenix Solar AG to build the largest PV power plant in Turkey
Phoenix Solar AG, a German photovoltaic system integrator, will build a 10.2 MW solar plant in Eastern Turkey, country’s first governmentally licensed PV project.
read more... 31/05/2016
Major oil explorer Eni embarks on renewable energy expedition
Italian oil major Eni, which has generally made little investments in green energy taking into consideration its success in discovering oil and gas, plans renewable energy projects in Italy, Pakistan and Egypt.
read more... 13/05/2016