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Daily: Crude oil prices hit the highest level in 2016 amid output freeze hopes
Crude oil prices soared to 2016 highs on Thursday, with WTI crude increasing 5 percent to break the $40 threshold, on optimism that top producers will reach an output freeze deal next month amid boosting crude exports and gasoline demand in the United States. On Thursday, the front-month in U.S. crude's West Texas Intermediate (WTI) futures rose $1.74, or 4.5 percent, to settle at $40.20, after attaining a 2016 high of $40.26. Brent crude's front-month increased $1.21 to close at $41.54, after earlier attaining the year's high of $41.60.
read more... 18/03/2016
Italian SNAM mulls Italgas demerger
Italian gas-transportation company SNAM is envisaging a possible a spin-off of its Italgas domestic distribution unit worth more than 5 billion euros ($5.7 billion).
read more... 18/03/2016
IEA: Worldwide CO2 emissions flat in 2015
Global carbon dioxide emissions (CO2) from the energy sector stagnated in 2015 for the second consecutive year, given that renewable energies have increased, according to preliminary data from the International Energy Agency (IEA) on Wednesday.
read more... 17/03/2016
Two Czech companies submit bids for Vattenfall's German coal and power activity
Two Czech companies have submitted offers for Vattenfall's loss-making lignite coal mines and related power plants in Germany, but to reach a deal the Swedish state-owned conglomerate might have to pay into covering future mothballing costs.
read more... 17/03/2016
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