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Daily: US crude increased by 1.9% to settle at $44.89, snaps 6-day losing streak as market rallies
Oil prices rose on Monday, encouraged by a rebound in other asset classes after news that U.S. presidential candidate Hillary Clinton will not face charges over her emails, but gains were limited by an increasing dollar and doubts over OPEC's planned output cuts. U.S. West Texas Intermediate (WTI) crude augmented by 82 cents, or 1.9 percent, to settle at $44.89 a barrel for its first positive settle in seven sessions. Brent crude closed the session at $46.15 per barrel, having increased by 57 cents, or 1.25 percent, from the previous close.
read more... 08/11/2016
Egypt defers third LNG terminal until electricity requirements determined
Egypt will postpone plans to rent a third liquefied natural gas import (LNG) terminal for one month, until the ministry of electricity determines its LNG requirements, as stated by an official at state gas purchaser EGAS on Sunday.
read more... 08/11/2016
E.ON splits renewables pipeline since regulation modifies
German utility E.ON has split its renewable energy investment pipeline to 5 gigawatts from 10 GW last year since modifying regulation makes the outlook for major projects less certain, the manager of E.ON's renewables division declared on Friday.
read more... 07/11/2016
Slovenia's single nuclear plant back on grid
Slovenia's single nuclear power plant Krsko (NEK) is back on the grid after habitual maintenance, that takes place every 18 months, as stated by a NEK spokeswoman on Sunday.
read more... 07/11/2016
Poland could fuse two troubled coal miners
The Polish government is thinking about fusing troubled state-owned coal miners PGG and KHW and hopes to make a decision by the end of the year, as stated by Energy Minister Krzysztof Tchorzewski on Friday.
read more... 07/11/2016