Latest news
Turkey more than quadruples thermal coal import tax for several nations
The Turkish government has more than quadrupled a tax to $70 a tonne on thermal coal imports employed in electricity generation from Colombia, Russia, South Africa and other significant coal producers, in a bid to back domestic coal production.
read more... 05/10/2016
Daily: European forward power prices tumble on weaker oil, coal, carbon prices
Crude oil prices evolved differently on Friday, with WTI for November delivery gaining 41 cents to settle at $ 48.24 per barrel, two days after OPEC countries reached a consensus to limit oil production. However, North Sea Brent lost 18 cents to settle at $49.06 per barrel on the Intercontinental Exchange.
read more... 03/10/2016
Daily: Crude oil prices surge on OPEC agreement to limit output to tackle supply glut
Crude oil prices soared over 1 percent on Thursday on optimism over OPEC’s first scheduled output reduction in eight years, although oil paired gains as some analysts were skeptical that the production freeze would be enough to cope with the supply glut. Brent crude rose by 55 cents, or 1.1 percent, at $49.24 a barrel. It attained a three-week high at $49.81. U.S. West Texas Intermediate crude inched 78 cents up, or 1.7 percent, to settle at $47.83 after a one-month high at $48.32.
read more... 30/09/2016
Daily: Crude oil soars after OPEC deal to slash oil production in November
Crude oil ended up 6 percent on Wednesday after OPEC reached an agreement to curb crude output at its policy meeting in November. Brent crude rose by $2.72, or 5.9 percent, to settle at $48.69 a barrel, attaining a more than two-week high of $48.96. WTI crude boosted $2.38, or 5.3 percent, to close at $47.05 a barrel.
read more... 29/09/2016
UK: Oil and gas production up, investments and exploration down
According to Oil & Gas UK annual latest report, published yesterday, the production of oil and gas in the UK increased by more than 10% in 2015 for the first time in 15 years. The increase was due to a succession of new projects in the North Sea along with developments of technological innovations in order to get the best out of the extraction from the existing fields.
read more... 28/09/2016