Crude oil prices strengthened on Monday on concerns for possible supply disruptions in the Middle East after Iran captured a British tanker last Friday. As a result, Brent crude rose by 1.3% to $63.26 a barrel, while WTI futures added 1% to settle at $56.22 a barrel.
read more... 23/07/2019
Oil prices increased on Friday, bolstered by the rising tensions in Iran, after U.S. Navy destroyed an Iranian drone in the Strait of Hormuz. As a result, Brent crude climbed by 0.9% to $62.47 a barrel, while WTI futures inched up by 0.6% to $55.63 a barrel.
read more... 22/07/2019
Russia’s oil production in the past few days has recovered to the ceiling that Moscow has pledged in the OPEC+ deal, Russian Energy Minister Alexander Novak said, after output had dropped to nearly 3-year lows in the 1st days of July, Oilprice reported.
read more... 22/07/2019
French utility EDF could shut down production at its 2,600 megawatt capacity Golfech nuclear power plant in the south of France from Tuesday July 23, due to the high temperature forecast on the Garonne river.
read more... 22/07/2019
Siemens Gamesa Renewable Energy SA has received a conditional order from Ørsted A/S and Eversource Energy to supply 1,714 MW of turbines for three offshore wind farms in the US.
read more... 22/07/2019