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Daily: Oil prices near flat in calm trade ahead of Christmas
Crude oil prices did not change significantly on Monday in quite traded ahead of Christmas as the market waited to observe whether U.S. shale gas production would increase enough to offset projected output cuts by OPEC, Russia and other producers in 2017. Brent futures for February delivery fell 29 cents or 0.5 percent, to settle at $54.92 a barrel, while U.S. West Texas Intermediate crude for January gained 22 cents, or 0.4 percent, to close at $52.12 per barrel.
read more... 20/12/2016
Norway: Kollsnes gas plant to be partially closed in May and September
Norway's biggest gas-processing plant, Kollsnes, will be partially closed from May 6-20 and from September 2-20 next year, gas system operator Gassco declared on Friday, announcing its 2017 maintenance plans.
read more... 20/12/2016
TPI Composites targets 25% turbine blade sales increase
Wind turbine blade maker TPI Composites intends to raise its sales by a quarter each year for the next few years, its chief executive told Reuters, as demand for wind power around the world continues to surge.
read more... 19/12/2016
China's State Grid seals acquisition of stake in Greek electricity grid
China's State Grid, the world's largest utility, inked on Friday the acquisition of a minority stake in Greece's electricity grid operator ADMIE, China's second huge investment in the debt-laden nation in a matter of months.
read more... 19/12/2016
Daily: Crude oil prices rebound as Goldman Sachs hikes oil forecast for 2017
Crude oil prices edged higher on Friday, hitting nearly a 17-month high after Goldman Sachs increased its forecast for 2017 and producers showed signs of joining to a global deal to slash output. Brent futures rose by $1.19, or 2.2 percent, to settle at $55.21 a barrel, while U.S. West Texas Intermediate crude advanced $1, or 2 percent, to close at $51.90 per barrel. The premium of the Brent front-month over the same U.S. contract closed at $2.26 a barrel, its highest since the end of August.
read more... 19/12/2016