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Daily: Crude oil settles lower, but hit the best quarterly gain since 2009
Crude oil prices settled lower on Thursday, a day after recording their largest single-session gain since April, but prices still at their strongest quarterly rally since mid-2009. The prices were dragged down by profit-taking and investors' reluctance due to uncertainty after the British vote in favor of leaving the European Union (EU). West Texas Intermediate (WTI) crude for August delivery fell $1.55, or 3.1%, to settle at $48.33 a barrel on the New York Mercantile Exchange. For the quarter, WTI prices gained over 26.1% to record the best quarterly percentage gain since the second quarter of 2009. Brent crude for August delivery, which expired at the settlement, declined 93 cents, or 1.8%, to settle at $49.68 a barrel. Futures prices have gained 25.5% for the quarter, with the year-to-date gain at 33.3%.
read more... 01/07/2016
Google purchases 12-year output from a yet-to-be-built wind power farm in Norway
Google has acquired the whole 12-year power output from an unbuilt Norwegian wind power farm in order to supply its European data centers with renewable energy.
read more... 30/06/2016
The tallest wind turbine in the world to be installed in Germany
Nordex has installed the world’s tallest wind turbine to date in Hausbay, which is in the German state of Rhineland-Palatinate.
read more... 30/06/2016
Snam to spin-off its domestic-gas-distribution arm Italgas
Italy-based Snam S.p.A, a natural-gas distribution company, will spin off its domestic-gas-distribution arm, Italgas.
read more... 30/06/2016
Daily: Brent recovers above the psychological $50 threshold
Crude oil prices rallied 4 percent on Wednesday, with Brent ending about the psychological $50 a barrel mark, spurred by larger-than-expected drawdown in U.S. crude stockpiles. Brent crude futures rose $2.03, or 4.2 per cent, to settle at $50.61 per barrel. It attained a near one-week high of $50.74 during the session. U.S. crude's West Texas Intermediate (WTI) futures also ended up $2.03, or 4.2 per cent, at $49.88. WTI's session peak was $50.
read more... 30/06/2016