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Daily: Crude oil plunges 2% to the three-week low on higher increase in U.S. inventories
Crude oil prices plunged by about 2% to hit three-week lows on Wednesday as the U.S. government unveiled a larger than expected increase in crude inventories, although important declines in gasoline and distillates prevented a more abrupt slide in crude futures. WTI crude slipped $1.09, or 2.4 percent, to settle at $45.20 a barrel. It touched a three-week low of $44.86 earlier. Global oil benchmark Brent closed down 86 cents, or 1.8 percent, at $47.85 a barrel, after registering an early October low of $47.50.
read more... 22/10/2015
BP inks a gas supply agreement of $10 billion with China's Huadian
Oil major BP has inked a $10 billion liquefied natural gas (LNG) supply agreement with China's Huadian electricity producer, signing the deal as part of Chinese President Xi Jinping's state visit to Britain.
read more... 22/10/2015
Ofgem will spur more competition in constructing onshore electricity infrastructure
Ofgem is analyzing on how to tender out new onshore power transmission infrastructure projects estimated £100m or more. The first tender might take place in 2017.
read more... 22/10/2015
The World’s 10 Biggest Oil and Gas Companies
The top 10 oil and gas companies produce over 54 million barrels per day.
read more... 21/10/2015
RWE commissions two new onshore wind power plants in Poland
RWE Polska, part of German energy group RWE, has commissioned two wind farms in Poland with a combined capacity of 45 MW, boosting the company's total capacity in the country to around 240 MW, which can supply annually an equivalent of 250,000 homes with green electricity.
read more... 21/10/2015