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Daily: Brent crude up 4 %, on equity rally, WTI down
Brent crude rose by 4 percent on Tuesday as equity markets rally helped the global oil benchmark recover the bulk of its losses from the previous session. WTI crude declined slightly in volatile trade, reopening from Monday’s U.S. market close for the Labor Day holiday to news of refinery outages. Gains in Brent hiked in New York after the European equities rally expanded to Wall Street. London-traded Brent boosted $1.89 to settle at $49.52 a barrel, and traded at $49.50 by 4:35 p.m. EDT (2135 GMT) in post-settlement trade. It slipped $1.98 in the previous session. U.S. crude lost 11 cents, or almost a quarter percent, to close at $45.94, and stood at $45.86 by 4:35 p.m. It had shed almost $2 earlier in the session.
read more... 09/09/2015
Eni makes a milestone gas discovery in the Egyptian offshore
Italian energy group Eni has made a milestone gas discovery off the coast of Egypt, the largest ever found in the Mediterranean Sea and which could provide a much-needed boost for the country’s economy.
read more... 02/09/2015
Phoenix Solar will construct PV power plant of 6.9 MWp in Turkey
Phoenix Solar AG (Sulzemoos, Germany), an international photovoltaic system integrator, and its associate Asunim Yenilenebilir Enerji Teknolojileri Ins. Muh. San. Tic. Ltd. Sti. (Ankara, Turkey), a member of the Asunim group, have been jointly granted an order by a Turkish conglomerate to construct an array of six photovoltaic power plants with a total capacity of 6.9 MWp in the surroundings of the city of Kayseri in central Anatolia, as declared by Phoenix Solar in a press release.
read more... 19/08/2015
EU raises anti-dumping duties on Chinese solar glass imports
The European Union had considerably increased anti-dumping duties on imports of solar glass from China, stating that products were still being sold at unfairly low prices, threatening European manufacturers.
read more... 17/08/2015
French EDF signs a LNG supply deal with U.S. company Cheniere
French energy company EDF has entered into sales arrangements with the American company Cheniere Marketing to purchase up to 26 cargoes or about 100 million MMBtus of LNG from its Sabine Pass export terminal through 2018.
read more... 14/08/2015