Oil futures varied on Tuesday, as oil prices fell earlier in the session following the news highlighting president Donald Trump's plan to sell off half of the United States' petroleum reserves. However, as OPEC's leader, Saudi Arabia, favors extending the output curbs by nine months rather than the initially planned six months, the oil prices increased to settle slightly higher.
read more... 24/05/2017
Oil futures rose on Monday to the highest level in more than a month, as speculation that the cuts could be further extended, pushed prices up.
read more... 23/05/2017
Oil futures rose on Friday to the highest level in nearly a month on growing optimism that big producing countries will extend output reductions to curb a persistent glut in crude.
read more... 22/05/2017
Germany approved a capacity of 807 megawatts (MW) at onshore wind parks on Friday, stating the price at which it granted the projects was below expectations in a sign that competition in the industry will lead to lower prices for users.
read more... 22/05/2017
Oil prices continued to grow on Thursday, as most of the major producing countries suggested they would extend supply cuts to reduce an ongoing global crude glut.
read more... 19/05/2017