Latest news
Daily: Crude oil prices shed on robust production from OPEC, firmer dollar
Crude oil closed down as much as 1 percent on Monday, retiring from Friday’s hike on a strong dollar and worries over extremely high supplies from OPEC. The Organization of the Petroleum Exporting Countries pumped a record high of 31.22 million barrels of oil per day (bpd) in May and the group is expected the maintain its current production at its meeting on Friday. Brent crude oil futures declined by 68 cents, or 1 percent, to close at $64.88 a barrel. U.S. crude decreased just by a dime, ending at $60.20 a barrel, after slipped more than 1 percent with Brent earlier.
read more... 02/06/2015
EDF wants 2.5 pct increase in tariffs before critical meeting
French utility EDF is requesting the government for an annual raise of 2.5 percent in regulated power prices over three years before a key meeting for France's nuclear industry, as mentioned in a newspaper on Sunday.
read more... 02/06/2015
Norway and Britain to construct world’s longest subsea electricity cable
The world's longest subsea power transmission cable is to be built between Norway and Britain by 2021, as stated by Norway's Statnett.
read more... 01/06/2015
Britain: SSE reduces wind farm projects with sale to Blue Energy
British utility SSE declared on Friday that it had accomplished the sale of the Cour, Blackcraig and Whiteside Hill wind farm projects to green energy firm Blue Energy.
read more... 01/06/2015
Total’s CEO expected finances for Yamal LNG to be freed by end-2015
The chief executive of Total declared on Friday he hoped funds for the $27 billion Yamal LNG project it is expanding in Russia with Novatek to be made accessible by creditors before the end of the year.
read more... 01/06/2015