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Daily: Crude oil recovers from three-week lows amid stronger demand for fuel
Crude oil prices settled higher, rebounding from three-week lows on Tuesday, as U.S. refined fuel trading increased on stronger summer demand, even as the Greece’ move towards a debt default threatened to hit markets worldwide. The oil rise was also spurred by stronger dollar. Brent crude rose by $1.58, or 2.6%, to settle at $63.59 a barrel. It declined by 3% for June. WTI crude increased by $1.14, or almost 2%, to close at $59.47. It fell 1% on the month.
read more... 01/07/2015
Lancashire county council rejects Little Plumpton fracking application
Lancashire county council has rejected a planning application by shale gas explorer Cuadrilla to drill in the county, representing a major setback for UK’s biggest round of fracking so far.
read more... 30/06/2015
Daily: Crude oil plunges to three-week lows on intensifying Greek crisis, Iran nuclear deal
Crude oil futures touched 3-week lows on Monday as Greece closed its banks and imposed capital controls, triggering widespread risk aversion, while Iran was expected to extend nuclear negotiations with the West to export more of its oil into an already flooded market. Brent crude futures declined by $1.25, or almost 2 percent, to settle at $62.01 a barrel, its lowest level since June 5. U.S. crude eased $1.30, or 2.2 percent, to close at $58.33 a barrel, its weakest settlement since June 8.
read more... 30/06/2015
Polish minister will meet constructer Saipem on postponed LNG terminal
Polish treasury minister Andrzej Czerwinski declared on Monday he would meet Italian construction company Saipem next week to guarantee that a liquefied gas terminal on the Baltic Sea launches in 2015 after several deferrals.
read more... 30/06/2015
Vestas obtains 39 MW order in Denmark
Danish wind turbine manufacturer Vestas Wind Systems declared late on Monday it had obtained a 39 megawatt turbine order for a wind project in Denmark.
read more... 30/06/2015