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Daily (04.05.2018): French spot power contract down 8.9% on Thursday due to higher wind and solar generation
OPEC output cuts and the potential for new U.S. sanctions on Iran bolstered oil prices on Thursday. Brent crude gained 26 cents, or 0.4%, to close at $73.62 a barrel. WTI futures added $0.5, or 0.7%, to end at $68.43 a barrel.
read more... 04/05/2018
Daily (03.05.2018): European carbon prices declined by 2.4% on Wednesday
Oil prices increased on Wednesday as the U.S. dollar dropped from its peak for the year after the Federal Reserve left its benchmark interest rate constant. Brent crude was 23 cents, or 0.3%, up at $73.36 a barrel. WTI futures added 1% to end at $67.93 a barrel.
read more... 03/05/2018
Statoil begins construction works on Norway’s biggest oil line
Statoil made known on Monday that Italy’s Saipem has commenced operations to install Norway’s biggest crude oil pipeline, part of the Johan Sverdrup offshore expansion.
read more... 03/05/2018
European Investment Bank will offer €50 million for the construction of nine wind parks in Spain
The European Investment Bank (EIB) alongside with the Investment Plan for Europe, has inked a €50 million loan accord to fund a wind power project developed by the Spanish company Forestalia Renovables.
read more... 03/05/2018
Daily (02.05.2018): Brent crude dropped by 2.7% on Tuesday due to geopolitical worries
Oil prices declined on Tuesday as the dollar stayed near a four-month peak, but concerns that U.S. President Donald Trump will pull out of the Iran nuclear agreement underpinned the market. Brent crude fell $2.04 cents, or 2.7%, to end at $73.13 a barrel. WTI futures lost $1.32, or almost 2%, to settle at $67.25 a barrel.
read more... 02/05/2018