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Daily: Crude oil prices rebounds 2% despite oversupply
Crude oil prices rose by 2 percent on Thursday, reaching 2016 highs for a third consecutive day as a weaker dollar had ignored robust U.S. crude stockpiles and relentless pumping by major producers. Brent increased by 96 cents at $48.14 a barrel, after attaining a 2016 high of $48.19. WTI crude ended up 70 cents at $46.03, after a year-to-date peak at $46.14.
read more... 29/04/2016
Hydropower drives Vattenfall, Statkraft profits, Fortum hit by reduced prices
Sweden's Vattenfall and Norway's Statkraft registered higher first-quarter earnings on Thursday, sustained by higher hydropower production, while fossil-fuel reliant Finnish Fortum's profit dropped.
read more... 29/04/2016
China investors offer $12 billion loan for Russia's Yamal LNG project
Russia's Yamal liquefied natural gas project has obtained a loan from Chinese lenders estimated at $12 billion and denominated in euros and Chinese yuan, as indicated by sources familiar with the transaction.
read more... 29/04/2016
Vattenfall demands Sweden to abolish nuclear tax to save reactors
State-owned Swedish utility Vattenfall called on Wednesday to end tax on nuclear power in Sweden to avoid early closure of its loss-making nuclear reactors and probable increase in electricity prices.
read more... 28/04/2016
ScottishPower Renewables and Siemens agree UK’s largest offshore wind power contract
ScottishPower Renewables and Siemens have unveiled a transaction that is poised to be largest offshore wind contract yet seen in Europe, after signing a deal that will see the German engineering major providing 102 turbines to East Anglia ONE project.
read more... 28/04/2016