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Russia aims strategic energy partnership with China

Russian oil giant Rosneft has signed an agreement with Chinese company CEFC Energy, aiming crude oil supply. The accord is based on a long-term deal inked between parties earlier. The delivery will start next year.

read more... 21/11/2017

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Daily (21.11.2017): German spot electricity prices surged on lower wind power supply and higher demand

Oil prices dropped on Monday, prolonging losses ahead of next week's OPEC meeting, while stronger dollar hurt commodities across the board. Brent crude futures fell 50 cents or 0.8 percent to close at $62.22 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled 13 cents or 0.2 percent down at $56.42. Oil has been under pressure for the last two weeks since peaking in early November.

read more... 21/11/2017

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Daily (20.11.2017): UK gas prices fell on forecasts of warmer weather and an oversupplied system

Oil prices recovered by over 2% on Friday as a major U.S. crude pipeline was shut, and traders anticipated an OPEC agreement to extend output cuts. Brent crude oil soared by $1.36, or 2.2 percent, to close at $62.72 a barrel, while U.S. West Texas Intermediate crude (WTI) settled at $1.41, or 2.6 percent, at $56.55 a barrel.

read more... 20/11/2017

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IEA: Global energy needs to be met by renewables and natural gas in the next 25 years

According to the World Energy Outlook 2017, the abundant growth in oil and gas production from the United States, strong reductions in the cost of renewables and emerging electrification are changing the global power system and ending traditional ways of meeting demand. Meanwhile, a greener and more diversified energy mix in China is another important driver of this transformation.

read more... 17/11/2017

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Daily (17.11.2017): Increased U.S. production and inventories weighed on oil prices on Thursday

Oil prices remained under pressure on Thursday as increasing U.S. output and inventories threatened to destabilise a rally sparked by reducing world supply.

read more... 17/11/2017

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