Latest news
Daily: Crude oil prices down 2% as dollar hit seven-month high
Oil prices closed down more than 2 percent on Thursday, as a reviving dollar spurred players to take profit on the previous day’s hike that drove U.S. crude to 15-month highs. The dollar reached seven-month high against a basket of currencies. Benchmark Brent crude for December delivery eased $1.29, or 2.5 percent, to settle at $51.38 per barrel. U.S. West Texas Intermediate (WTI) crude's November contract, which expired as the front-month, declined $1.17, or 2.3 percent, to end at $50.43. WTI's December contract, which will be front-month from Friday, shed $1.19 to settle at $50.63.
read more... 21/10/2016
Iran and Turkmenistan ink gas swap deal
Iran and Turkmenistan have inked a gas swap deal, under which Iran takes 3 million cubic meters/ d from Turkmenistan on its northeast border and will supply the same amount to Azerbaijan from its own reserves at the other side of the country.
read more... 20/10/2016
China to curb plans for coal-fired power plants construction
China’s National Energy Administration (NEA) announced it will further curb plans for the construction of coal-fired power plants by cancelling some projects that were already approved this year.
read more... 20/10/2016
Construction of Slovakia’s Mochovce nuclear plant delayed due to higher costs
The price of completion of two new units at Slovak nuclear power plant Mochovce is expected to rise by at least another 500 million euros ($548.75 million) and the country's biggest investment faces further delays, according to a country’s minister.
read more... 20/10/2016
Daily: French spot electricity price at 76.63 euros/MWh on falling temperatures
Crude oil prices rallied over 2 percent on Wednesday, with WTI crude reaching the highest level in 15 months after the government unveiled an unexpected large decline in stockpiles for the sixth week out seven. London-traded Brent crude rose by 99 cents, or 1.9 percent, at $52.67. U.S. WTI crude for November delivery settled up $1.31, or 2.6 percent, at $51.60 a barrel for its highest settlement since July 14. Its session high of $51.93 was the highest in 15 months.
read more... 20/10/2016