Latest news
German BASF to invest $6bln in Iran’s petrochemical industry
The world’s largest chemical company, Germany’s BASF, is envisaging investing $6 billion in Iran’s petrochemical sector, according to director of planning at the National Petrochemical Company (NPC) Hamid Reza Rostam.
read more... 16/12/2015
Daily: Crude oil prices rebound, ending a slide to 11-year lows
Crude oil prices recovered by about 3 percent on Tuesday, ending a decline to 11-year lows on short covering, but traders said that the increase is not likely to persist in an oversupplied market and ahead of an expected U.S. rate hike which will trigger a dollar rally. Brent crude rose 49 cents, or 1.29 percent, to settle at $38.41 a barrel. On Monday, the global oil benchmark came within 14 cents of a December 2008 low of $36.20. WTI closed at $37.35 a barrel, up 2.86 percent, or $1.04. It shed to $34.53 the previous day, hovering above its financial crisis low of $32.40.
read more... 16/12/2015
Engie awarded to develop solar PV projects totaling 325 MW in France and Brazil
French electric utility Engie (formerly GDF Suez) has been shortlisted following separate tenders to develop around 17 solar photovoltaic projects within the country and in Brazil, totalling 325MW.
read more... 15/12/2015
EDF will make firm offer for Areva reactors at the beginning of 2016
Divergences over valuation and charges related to a Finnish reactor project are likely to postpone French utility EDF's purchase of Areva's nuclear reactor business until next year, according to sources familiar with the situation.
read more... 15/12/2015
Daily: European forward power prices sink on lower spot demand due to milder weather
WTI crude rebounded by about 2 percent on Monday, recovering modestly from 11-year lows. Both global benchmark Brent and WTI crude have declined aftermath an OPEC meeting on December 4 which resulted in removed production ceiling, worsening the global crude oversupply. Brent futures for January delivery shed 1 cent to settle at $37.92 a barrel. U.S. crude increased 69 cents, or 1.94 percent, to close at $36.31.
read more... 15/12/2015