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Daily: British gas prices tumble on milder weather outlook, weaker consumption
Crude oil prices declined on Monday after pessimistic Chinese factory data intensified worries about energy demand in the No.2 economy, while record high Russian crude output helped to ease the global supply glut. Brent crude declined by 77 cents, or 1.6 percent, to settle at $48.79 a barrel. U.S. crude futures slipped 45 cents, or 1 percent, to close at $46.14.
read more... 03/11/2015
Daily: Crude oil plunges for a third straight session to hit multi-weeks low on lingering oversupply
Crude oil prices plunged for a third consecutive session to hit multi-week lows on Tuesday on lingering global supply glut ahead of data expected to indicate another build in U.S. crude stockpiles. Brent crude for December delivery shed 73 cents to settle at $46.81 a barrel. The settlement and the $46.41 session low were the weakest level since September 15. WTI crude for December slipped 78 cents to close at $43.20, the lowest settlement since August 27.
read more... 28/10/2015
Singapore is leading the way to becoming South-east Asia's LNG energy hub
Singapore aims to launch a domestic liquefied natural gas (LNG) trading market amid rising LNG supply and demand within Asia.
read more... 27/10/2015
Daily: Crude oil prices continue the 2-week decline amid refined oil glut lingering concerns
Crude oil prices continued to decline on Monday amid lingering concerns over a global supply glut and weakening demand dragging prices to their lowest settlement in roughly two months. Oil was also under pressure after Goldman Sachs said in a research report that oil prices could go "sharply lower" as storage tanks hit capacity, predicting the oil market would not balance itself in 2016. Brent crude fell 45 cents, or almost 1 percent, to settle at $47.54 a barrel. U.S. crude eased 62 cents, or 1.4 percent, to end at $43.98. Both crude benchmarks have declined by 10 percent over the past two weeks.
read more... 27/10/2015
Rentel choses Siemens giants for supply and installation of 42 wind turbines
Rentel has selected Siemens as its favorite bidder for the supply and installation of 42 of wind turbines at the 294MW offshore wind farm off the coast of Belgium.
read more... 26/10/2015