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Daily: Crude oil declines as Japan falls into recession
Crude oil prices declined on Monday following the news that Japan, the world's fourth-biggest crude importer, had slipped into recession. Brent crude fell 10 cents to close at $78.31 a barrel, after declining as low as $77.94 earlier in the session, while WTI crude for December delivery dropped 18 cents to settle at $75.64 a barrel.
read more... 18/11/2014
Offshore wind industry hastens to reduce costs since subsidies decline
As European governments begin to reduce offshore renewable electricity subsidies, utilities, wind turbine manufacturers and installers are aiming to decrease costs to aid the industry survive.
read more... 17/11/2014
Daily: European power prices jump on colder weather forecasts, weak renewable supply
Brent crude boosted almost $2 a barrel on Friday for its sharpest daily gain in three weeks as a support came a day after prices plunged to four-year lows below $80. Brent's new front-month contract, for January delivery, settled at $79.41 from Thursday's $77.49. U.S. crude's front-month increased by $1.61 to close at $75.82 a barrel, after a four-year low at $73.25 and session high of $76.30.
read more... 17/11/2014
Spain’s Cepsa-managed conglomerate suggests takeover of Salamander Energy
A consortium run by Spain's Compania Espanola de Petroleos (CEPSA) has suggested a takeover of London-listed oil explorer Salamander Energy.
read more... 17/11/2014
Alstom wins a $430 million contract from Mexico City to modernize trains
French engineering consortium Alstom SA has been awarded a contract of 5.812 billion peso ($429.4 million) to modernize 85 trains utilized in the Mexico City metro system, as stated by the government of the Mexican capital.
read more... 17/11/2014