Crude oil prices extended gains on Wednesday, following a drop in U.S. crude inventories and due to OPEC’s intention to deepen supply cuts. However, slowing global demand might limit the rise. Hence, Brent crude surged by 2.5% to 61.17 a barrel, while WTI futures climbed by 2.7% to end at $55.97 a barrel.
read more... 24/10/2019
Poland is ready to ensure its energy supplies without importing gas from Russia due to the diversification of supplies and increasing LNG imports, Piotr Woźniak, the CEO of Poland’s state gas and oil company PGNiG has said.
read more... 24/10/2019
Russian state development bank VEB signed a deal on Wednesday to build a 2 billion euro ($2.2 billion) oil refinery in Morocco, the north African country’s state news agency MAP said.
read more... 24/10/2019
Iberdrola SA has reached an agreement to purchase three wind farms in Spain totalling 117.8 MW from turbine maker Siemens Gamesa Renewable Energy SA.
read more... 24/10/2019
US energy storage solutions provider KORE Power on Tuesday unveiled plans to build a US factory that will produce lithium-ion batteries for its Mark 1 energy storage systems.
read more... 23/10/2019