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Daily: Oil prices boosted on OPEC cut commitments, draw of U.S. crude at Cushing
Oil rose on Thursday, encouraged by a reported decline in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as promises from Gulf OPEC members moderated lingering uncertainties in the market about support from other producers.
read more... 28/10/2016
Daily: US crude drops by 1.6% to settle at $49.18; OPEC agreement doubt counterbalances US stockpile draw
Oil prices declined by approximately 2 percent on Wednesday on increasing doubts that OPEC will reduce output, giving back the gains they recuperated after the U.S. government announced an unexpected drawdown in crude inventories.
read more... 27/10/2016
Greece: PPC says China's State Grid top bidder for grid stake
Greece's power utility Public Power Corp. (PPC) declared on Wednesday that China's State Grid was the top bidder for a 24 percent stake in the nation's electricity grid operator ADMIE, offering 320 million euros ($349 million).
read more... 27/10/2016
DONG Energy intends to switch to clean-energy options
Danish company DONG Energy has recently announced that it plans to move its portfolio closer to clean-energy options like bioenergy and offshore wind, and that it considers to sell its oil and gas business.
read more... 27/10/2016
Gazprom will think about cancelling shareholder deal over Nord Stream extension
Russia's Gazprom will consider annulling a deal with European associates to enlarge the Nord Stream gas pipeline at a board meeting on November 9, it declared on Wednesday, following resistance to the plan in several European nations.
read more... 27/10/2016