Crude oil prices increased in an agitating trade on Thursday after two days of losses following data indicating a fourth weekly drawdown in U.S. crude stockpiles. Brent crude closed at $62.58, up 52 cents, or nearly 1 percent, after a six-week low at $61.24. It posted an 84 cents increase in post-settlement trade. U.S. crude rose by 17 cents, or 0.3 percent, to settle at $57.68 a barrel, after plummeting to a one-month low of $56.51. It boosted by 43 cents at $57.94 a barrel in post-settlement trade.
read more... 29/05/2015
Britain on Wednesday approved plans to offer local authorities the planning consent control for onshore wind farms but declared it would reveal measures to stop subsidies separately.
read more... 28/05/2015
Crude oil prices decreased by up to 3 percent for a second consecutive day on Wednesday as a strengthening dollar weighted on the market amid worries that U.S. crude supplies may have begun increasing again after three weeks of declines. Brent crude fell $1.66, or 2.6 percent, to settle at $62.06 a barrel. U.S. crude closed at $57.71, down 52 cents, or 1 percent.
read more... 28/05/2015
Tauron, Poland's second-biggest energy conglomerate, is thinking about presenting a final offer to purchase smaller competitor PKP Energetyka with Polish insurer PZU as an associate, as mentioned on Thursday in Rzeczpospolita daily quoting Tauron's CEO.
read more... 28/05/2015
Venezuela and Russia's major oil producer, Rosneft, have settled on approximately $14 billion in investment in the South American OPEC country's oil and gas sector, as stated by President Nicolas Maduro on Wednesday evening.
read more... 28/05/2015