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Daily: U.S. crude oil soars 6% as top producers agreed to meet in Qatar
U.S. oil prices soared about 6 percent on Wednesday, slashing losses of the past two days after top producers agreed to meet in Qatar to debate an output freeze and U.S. crude inventories increased less than expected. WTI jumped $2.12, or 5.8 percent, to settle at $38.46 a barrel. It had declined 5 percent in the past two sessions. Brent crude hiked $1.59, or 4 percent, to close at $40.33 a barrel.
read more... 17/03/2016
OMV puts up for sale a 30% stake in UK North Sea Rosebank project
Austrian oil and gas company OMV envisage selling a 30% stake in the Rosebank oil and gas project in the British North Sea, as it aims cutting its budget to struggle with weakening oil prices.
read more... 30/07/2015
Germany postpones vote on fracking amid coalition dispute over details
The debate about a legislative package regulating the controversial fracking technology was postponed due to concern from within the parties of Conservatives (CDU/CSU) and Social Democrats (SPD), in particular against the involvement of an expert commission. The Lower House of Parliament (Bundestag) was supposed to debate this Friday, the last day before the traditional summer break.
read more... 02/07/2015
Germany economy ministry declares coal levy still on the table
Germany's government is still evaluating all suggestions on how to reduce CO2 emissions from coal-fired power plants, as declared by an economy ministry spokesman on Wednesday, discharging a report that a debated coal levy had been put on ice.
read more... 11/06/2015
Electricity producer Drax affected by weak prices
Drax has forward vended some of its power for this year at a 1.8 percent rebate to prices attained earlier this year denoting the British electricity producer is continuing to be affected by weak power prices.
read more... 09/06/2015