Latest news
Daily (25.06.2018): OPEC’s decision to moderately increase oil production led to a hike in crude prices on Friday
Oil prices jumped on Friday after OPEC settled on a moderate increase in production, below figures discussed ahead of the reunion held in Vienna. Brent crude soared by 3.4% to $75.55 a barrel. Moreover, lower output in Venezuela and Trump’s sanctions on Iran also boosted prices, with WTI crude closing 4.6$ higher at $68.58 a barrel.
read more... 25/06/2018
U.S. Sanctions Won’t Affect Iraq-Iran Crude Oil Swap Deal
The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday.
read more... 25/06/2018
Windar to stand tall in Russia
Spanish fabricator opening factory in Rostov for tower production
read more... 25/06/2018
Taiwan: Orsted wins 920MW offshore wind projects in Taiwan
Taiwan’s Ministry of Economic Affairs has announced the outcome of its first offshore wind auction. Ørsted was awarded 920MW capacity for its offshore wind sites in the Changhua region.
read more... 25/06/2018
Daily (22.06.2018): Brent crude slumped by 2.3% on Thursday on expectations for higher supply
Brent crude dropped by 2.3% to $73.05 a barrel on Thursday, right before the OPEC meeting which is aimed at raising oil output. The news about a higher-than-expected stockpile draw in the U.S. put pressure on WTI crude price, which settled 0.3% lower at $65.54 a barrel.
read more... 22/06/2018