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Daily: Crude oil down 4%, with Brent declining for a third consecutive week
Crude oil prices declined 4 percent on Friday, with Brent falling for a third consecutive week, as a record high in U.S. crude inventories aggravated worries that a plan to freeze output will have a low contribution in reducing massive oil supplies. A decrease in the U.S. equity market also weighed on crude. Brent crude lost $1.27, or 3.7 percent, to settle at $33.01 a barrel. U.S. crude fell $1.13, also ending 3.7 percent lower at $29.64.
read more... 22/02/2016
UAE to back plan to freeze oil production at January levels
The United Arab Emirates (UAE) will back the initiative of top producers to freeze output levels in case of a deal by OPEC members and Russia, helping to halt a slide in crude prices that has pushed them to their lowest point in more than a decade.
read more... 19/02/2016
Daily: European spot power prices diverge, with French contract down amid weak demand
Brent crude ended lower on Thursday after figures indicated U.S. crude stockpiles soared to record highs eclipsed output freeze plans by top oil producers that had considerably increased the market this week. Brent crude fell 22 cents to settle at $34.28 a barrel, having boosted more than $1.20 before the data. U.S. crude rose slightly 11 cents to end at $30.77 a barrel, after an earlier peak at $31.98.
read more... 19/02/2016
MHI Vestas will supply turbines to Belgium
MHI Vestas, a joint venture between Vestas and Japan's Mitsubishi Heavy Industries, declared on Thursday it would probably provide turbines to Belgium's major wind farm project.
read more... 19/02/2016
Poland's Energa envisages bidding EDF's local heating plants
Poland's fourth-largest power firm Energa will think about bidding for local heating plants possessed by French utility EDF if they become available, as mentioned on the industry website wnp.pl quoting Energa's chief executive.
read more... 19/02/2016