Crude oil futures ended the session at a nearly two-week low on Wednesday after data showing massive weekly builds in U.S. petroleum products counterbalanced an unexpected draw in crude stockpiles. It is the second consecutive day of declines when crude oil fell about 3 percent. WTI crude for October delivery fell by $1.32, or 2.9%, to settle at $43.58 a barrel on the New York Mercantile Exchange. Brent crude for November delivery on London’s ICE Futures exchange lost $1.25, or 2.7%, to $45.85 a barrel in a volatile trade.
read more... 15/09/2016
Swedish utility Vattenfall emerged as a winner of Denmark’s 350MW near-shore wind tender with a bid equivalent to DKK 0.475 (USD 0.072/EUR 0.064) per kWh.
read more... 13/09/2016
Britain is likely to miss its 2020 European renewable energy goals, as stated in a parliamentary committee report on Friday, setting a poor example for less prosperous nations since the world tries to control global warming.
read more... 12/09/2016
Crude oil prices rebounded on Wednesday , supported by a sharp decrease of the dollar a day before, while the market was still trying to assess the chances of a deal between two of the largest oil producers to freeze oil production. U.S. WTI settled up 67 cents at $45.50 a barrel, a third consecutive session of gains, after U.S. inventory data showed the largest weekly stock draw in over three decades. Brent futures boosted 72 cents to end at $47.98 a barrel.
read more... 08/09/2016
President of Azerbaijan’s SOCAR Rovnag Abdullayev took part with the Energy Minister of Georgia Kakha Kaladze in the launching of a gas distribution network in Girikhli village of Marneuli area in Georgia, as stated by SOCAR on September 5, 2016.
read more... 07/09/2016