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Acciona, AXA buy KKR out of renewables venture for EUR 445m

Acciona SA and AXA Investment Managers - Real Assets have signed a EUR-445-million (USD 486.6m) deal to acquire the 33.33% stake in Acciona Energia Internacional SA (AEI) currently held by KKR & Co LP.

read more... 13/04/2020

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Russia expects oil cuts of 5 mln bpd on top of OPEC

Russian Energy Minister Alexander Novak said on Friday he expected oil production cuts by countries outside of the OPEC+ group to amount to 5 million barrels per day (bpd).

read more... 13/04/2020

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EDF to close Fessenheim reactor on 30 June despite virus

EDF will definitively shut down its Fessenheim 2 (880 MW) reactor on 30 June ,as planned, despite a reduction in staff at the site due to the coronavirus crisis, it said on Wednesday.

read more... 10/04/2020

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French gas demand dives 25% due to lockdown – TSOs

French gas demand has dived by a quarter since mid-March amid the economic slowdown caused by the coronavirus lockdown, with industrial demand slumping 40%, latest TSO data showed on Thursday.

read more... 10/04/2020

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Daily (10.04.2020): Oil prices turned bearish on Thursday due to traders’ skepticism towards the OPEC historic deal

Oil futures fell sharply on Thursday as the traders doubted that the OPEC+ agreement to cut oil output by 10 million barrels per day would be enough to offset the massive destruction of the demand hit by the coronavirus pandemic.

read more... 10/04/2020

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