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Daily: Crude oil prices decline on revived doubts about the OPEC agreement
Crude oil prices ended down more than 2 percent on Friday on OPEC statement that October output hit another record, raising doubts if plans to curb production are achievable or enough to cut supply glut in the market. International Brent crude futures closed at $44.75 per barrel, down $1.09, or 2.4 percent. It had attained a low of $44.19, the lowest level since August. U.S. West Texas Intermediate (WTI) futures eased $1.25, or 2.8 percent, to settle at $43.41 per barrel, after recovering from a low of 43.04.
read more... 14/11/2016
UK mulls plans for coal-fired power plants closure by 2025
UK's eight remaining coal-fired power plants, which are already 47 years old on average, will be phased out by 2025, as the kingdom switches to generating energy from renewable sources.
read more... 11/11/2016
Spanish wind park Gamesa profit up 63% to €206 million in the first nine-months of 2016
Spanish wind turbine manufacturer Gamesa increased on Thursday for the second time in a year its 2016 sales and earnings targets, after reporting a 63 percent rise in net profit in the first nine months encouraged by a robust order book from emerging markets.
read more... 11/11/2016
UK government likely to interfere in power market – First Utility
First Utility, one of Britain's largest independent energy providers, declared on Thursday it anticipates the government to interfere in the country's power market to maintain a cap on increasing bills.
read more... 11/11/2016
Daily: Crude oil retreats as focus moves from U.S. elections to crude oversupply, OPEC meeting
Crude oil prices declined over 1 percent on Thursday as the markets digested the shock over U.S. President-elect Donald Trump's victory and focused on supply glut concerns. Brent crude lost 54 cents, or 1.1 percent, to settle at $45.84 a barrel. U.S. West Texas Intermediate crude fell 61 cents, or 1.4 percent to end at $44.66. The Organization of the Petroleum Exporting Countries (OPEC) meets in Vienna on November 30 for talks on output reduction.
read more... 11/11/2016