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Daily: Crude oil prices recover on Israeli Prime Minister warning about a bad nuclear deal
Crude oil prices recovered on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned that the Obama administration was negotiated a bad nuclear deal with Tehran, which would almost guarantee nuclear weapons, while Libyan forces targeted oil terminals in the African nation. Brent crude front-month contract rose by $1.48, or 2.5 percent, to settle at $61.02 a barrel. It slipped nearly 5 percent on Monday, its biggest loss in a month. WTI crude increased by 88 cents at $50.47 a barrel, after it has lost ground earlier.
read more... 04/03/2015
Daily: Crude oil prices decline on speculations of Tehran nuclear deal
Brent crude futures declinde 5 percent on Monday on speculations of a sooner-than-expected nuclear deal for Tehran that could remove sanctions and increase its oil exports, intensifying concerns of robust supply back to the market. Boosting Libyan crude output and a stronger dollar also weighed on Brent. U.S. crude futures also dropped but only slightly, spurred by data suggesting a smaller-than-expected increase last week in the Cushing, Oklahoma delivery point for oil. Brent's front-month fell $3.04 to settle at $59.54. WTI crude decreased 17 cents to close at $49.59 a barrel.
read more... 03/03/2015
Areva to reduce wage bill by 15% since forecasts worsen
French nuclear conglomerate Areva intends to reduce 15 percent of its wage bill to save 300 million euros ($337 million) a year within three years among fading sales predictions for its reactors.
read more... 02/03/2015
EDF 2014 net profit increased by 5.2% on strong nuclear production
French power utility EDF declared on Thursday net income increased by 5.2 percent to 3.70 billion euros since production at its nuclear plants surpassed projections and despite a drop in electricity consumption because of mild weather.
read more... 12/02/2015
Areva inks nuclear transport agreement with China’s CNNC
French nuclear firm Areva inked an agreement with Chinese utility China National Nuclear Corporation (CNNC) to form a joint-venture in the field of nuclear transportation and logistics, as stated by the company on Friday.
read more... 02/02/2015