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Daily: Crude oil prices in slight decline as late short-covering offsets dollar impact
Crude oil prices closed little changed on Friday as short-covering returned in late trading, slightly declining as the U.S. dollar increased on upbeat U.S. jobs figures. The U.S. WTI contract for September delivery fell modestly 13 cents, or 0.3 percent, to close at $41.80 per barrel, after declining nearly 2 percent earlier. Brent crude's front-month lost just 2 cents to end at $44.27 per barrel. Previously in the session, it tumbled to $43.51.
read more... 08/08/2016
Spanish Iberdrola gets a loan of €200 million from EIB
Spanish electric utility Iberdrola will obtain a €200 million loan from the European Investment Bank (EIB) to use towards renewable energy investments, the company made known on Wednesday.
read more... 05/08/2016
PIRA Energy Group to be acquired by S&P Global Platts
S&P Global Platts, a leading commodity price reporting agency, unveiled on Thursday it had agreed to acquire PIRA Energy Group, a leader in global energy market analysis.
read more... 05/08/2016
Alstom Power obtains turbine generator order for Finnish nuclear plant
Alstom Power Systems, a division of GE, will supply a turbine generator package for Fennovoima's Hanhikivi 1 nuclear power plant in Finland.
read more... 05/08/2016
Daily: European prompt power prices gain ground on declining wind output, lower thermal availability
Crude oil prices rebounded about 3 percent on Thursday, with U.S. crude increasing above the $40 per barrel mark on short covering and after a slight inventory decline at the delivery hub for U.S. crude futures. Brent crude boosted $1.19, or 2.8 percent, to settle at $44.29 a barrel. U.S. West Texas Intermediate (WTI) crude climbed $1.10, or 2.7 percent, to close at $41.93 per barrel.
read more... 05/08/2016