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Daily (17.01.2019): Carbon prices jumped by over 3% on Wednesday following an oversized Polish auction
Oil prices edged higher on Wednesday, due to OPEC supply cuts and China’s fiscal stimulus signals. However, gains were capped by increasing U.S. fuel inventories and higher crude oil production. As a result, Brent crude inched up by 1.1% to 61.32 USD/bbl, while WTI futures edged 0.4% higher closing at 52.31 USD/bbl.
read more... 17/01/2019
OMV in plans for $6bn initial spend to develop Norway oil discovery
Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday.
read more... 17/01/2019
Spain's Diverxia gets govt nod to develop 240-MW solar park in Colombia
Spanish developer Diverxia Infrastructure has secured a connection approval from Colombia's Energy Mining Planning Unit (UPME) for a 240-MW photovoltaic (PV) project.
read more... 17/01/2019
Turkey breaks local coal production record in 2018
Turkey hit a record high with the production of local coal amounting to 101.5 million tonnes in 2018, Energy and Natural Resources Minister, Fatih Donmez announced on Wednesday.
read more... 17/01/2019
Daily (16.01.2019): Brent crude jumped by 2.8% on Tuesday due to China’s potential fiscal stimulus
Oil prices jumped on Tuesday as China plans to implement fiscal measures aimed at stabilizing country’s slowing economy. Moreover, output cuts by OPEC and Russia also boosted prices. Brent crude rose by 2.8% to 60.64 USD/bbl, while WTI crude was up by 3.2% settling at 52.11 USD/bbl
read more... 16/01/2019