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Daily: Crude oil down 4% amid OPEC reduction uncertainty
Crude oil prices tumbled nearly 4 percent on Friday, pulled out by uncertainty over whether the OPEC producers will reach an output deal after Saudi Arabia stated it will not attend talks on Monday with non-OPEC members to discuss supply reduction. Brent crude futures closed at $47.24 a barrel, down $1.76 or 3.59 percent. U.S. crude futures ended down $1.90 a barrel at $46.06, posting a 3.96 percent loss. Prices continued to decline in post-settlement trading, declining as low as $45.88 a barrel.
read more... 28/11/2016
Switzerland to decide in a referendum over its nuclear future
Switzerland will vote in a referendum on November 27 on whether to exit nuclear power, a move that will reduce nuclear risk, but will increase dependence on fossil fuels from Germany or imported nuclear power from France.
read more... 25/11/2016
Gas-fired electricity likely to secure French energy over Winter
French unease at potential electricity shortages this winter have been lessened by claims from the nation’s gas power sector that there is enough capacity from the industry to back the country.
read more... 25/11/2016
EU reinforces energy cooperation with Ukraine
European Commission (EC) and Energy Ministry of Ukraine inked a Memorandum of Understanding (Mou) which targets to reinforce energy partnership between two sides, as stated by EC on Thursday.
read more... 25/11/2016
Daily: Oil prices end flat ahead of OPEC meeting
Crude oil prices posted minor changes on Thursday ahead of next week’s meeting of OPEC to debate implementation of its proposed output reduction. Brent crude futures rose by 5 cents to settle at $49.00 a barrel. U.S. West Texas Intermediate (WTI) crude advanced 2 cents at $47.98 at 1928 GMT, but activity was thin after the U.S. Thanksgiving holiday and as many traders are reluctant to take big new positions ahead of a scheduled OPEC meeting next week.
read more... 25/11/2016