Latest news
Iran’s oil industry commences a “new chapter” after 5-year-halt
Iran has exported its first crude oil shipment to Europe since international sanctions ended, raising worries that more supplies will be added to the worldwide glut.
read more... 15/02/2016
Northern Powergrid receives £250 million loan from EIB to upgrade its infrastructure
The European Investment Bank (EIB) has agreed to provide GBP 250 million for investment over two years by Northern Powergrid to upgrade electricity distribution infrastructure and reinforce the electricity network.
read more... 15/02/2016
Daily: Crude oil soars from 12-year low as OPEC pledges to cut output
Global oil prices soared as much as 12 percent on Friday after the release of a report indicating OPEC might finally agree to slash production to curb the oversupply. WTI crude's front-month boosted $3.23, or 12.3 percent, to close at $29.44 per barrel, attaining a session high of $29.66. It reached a 12-year low of $26.05 the previous day. For the week, it declined 4.7 percent. Brent rose by $3.30 to settle at $33.36 a barrel, having declined below $30 on Thursday. Weekly losses retired to 2 percent.
read more... 15/02/2016
Israeli venture to buy rights for 160 mln euro wind farm project in Europe
An Israeli venture formed by Enlight Renewable Energy and partner Migdal Insurance has agreed to purchase rights to a 105 megawatt wind turbine project in central Europe.
read more... 15/02/2016
Daily: European electricity forward prices at fresh lows, carbon market depressed
Oil prices rose by around 5 percent on Friday after comments by the energy minister of OPEC-member United Arab Emirates sparked hopes of a coordinated output reduction, yet analysts declared such a move remained improbable and that oversupply would continue.
read more... 12/02/2016