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Daily: Brent crude up 4 %, on equity rally, WTI down
Brent crude rose by 4 percent on Tuesday as equity markets rally helped the global oil benchmark recover the bulk of its losses from the previous session. WTI crude declined slightly in volatile trade, reopening from Monday’s U.S. market close for the Labor Day holiday to news of refinery outages. Gains in Brent hiked in New York after the European equities rally expanded to Wall Street. London-traded Brent boosted $1.89 to settle at $49.52 a barrel, and traded at $49.50 by 4:35 p.m. EDT (2135 GMT) in post-settlement trade. It slipped $1.98 in the previous session. U.S. crude lost 11 cents, or almost a quarter percent, to close at $45.94, and stood at $45.86 by 4:35 p.m. It had shed almost $2 earlier in the session.
read more... 09/09/2015
China to build a new prototype of nuclear reactor in UK
The British Prime Minister David Cameron is poised to sign a new deal with China, allowing it to build a new prototype nuclear reactor in Bradwell, Essex - which would become the first Chinese-operated facility in the West.
read more... 08/09/2015
Russia and Argentina seal deal for gas exploration
Russia’s energy giant Gazprom and Argentina’s state-controlled oil company YPF have sealed an agreement for exploration of gas reserves in Argentina in an effort to boost local production and to cut back on energy imports.
read more... 08/09/2015
Britain to scrap four scheduled wind farms in Wales
Britain’s the Department of Energy and Climate Change (DECC) has scrapped plans for the construction of four onshore wind farms in Wales, it said in a statement on Monday.
read more... 08/09/2015
Daily: Crude oil prices decline over 3 % amid supply glut, weak equities in China
Crude oil futures lost more than 3 percent on Monday, dragged down by weaker equities in China and robust North Sea crude production data that added to global supply glut worries. Brent crude for October delivery declined by $1.98 to close at $47.76 a barrel, down 3.73 percent. U.S. crude slipped $1.80 to trade at $44.25 per barrel by 2:48PM EST (1848 GMT), with trading volume of around 75,000 lots less than one-quarter the norm due to the U.S. Labor Day holiday.
read more... 08/09/2015