Crude oil futures soared on Tuesday and U.S. crude jumped close to 2015 highs on optimistic jobs data and government predictions for weaker U.S. crude production growth and stronger demand for oil. The price of U.S. crude oil for May delivery boosted 3.5% to settle $53.98 a barrel, approaching the highest level in 2015 at $55.11 hit on January 2. Brent crude for May delivery on London’s ICE Futures exchange soared 98 cents to settle at $59.10, having fluctuated from $57.02 to $59.27, the highest level since March 26.
read more... 08/04/2015
Workers at French nuclear conglomerate Areva's Somair mine in Niger started a three-day strike on Tuesday over what they declared was the group's failure to pay bonuses, as stated by a union representative.
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A conglomerate of Acciona and Sener has obtained a contract for turnkey supply of the 100MW Kathu solar thermal plant in Northern Cape.
read more... 08/04/2015
Russian energy producer Rosneft might have to postpone the expansion of its liquefied natural gas (LNG) plant on the Pacific island of Sakhalin for minimum two years, according to sources, after prices declined and financing all but dried up because of Western sanctions.
read more... 08/04/2015
Chinese-Canadian solar company Canadian Solar has completed four solar parks in the United Kingdom totaling 40.2 MWp.
read more... 07/04/2015