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Total and Qatar Petroleum to create a new company to develop Al-Shaheen oil field
French oil giant Total inked a deal with state-owned Qatar Petroleum to create a new company, called the North Oil Company.
read more... 29/06/2016
Daily: European spot power prices decline on mild weather, firmer wind, solar supply
Crude oil prices rose over 3 percent on Tuesday, with investors buying back into the market after a two-day a two-day rout caused by Britain’s vote to quit the European Union. Brent crude futures advanced 3 percent, or $1.42, to close at $48.58 per barrel. U.S. crude climbed 3.3 percent, or $1.52, to settle at $47.85.
read more... 29/06/2016
Norway-England subsea power link to advance despite Brexit
The construction of a subsea power link between Norway and England will continue despite Britain’s decision to leave the European Union, declared Norwegian transmission grid operator Statnett.
read more... 28/06/2016
Daily: Oil prices plunge 3 %, with Brent hitting seven-week low on Brexit unrest
Crude oil prices plunged nearly 3 percent on Monday, with Brent reaching seven-week lows, dragged down by rallying dollar and market uncertainty over Britain’s surprising vote to leave the European Union threatened to weaken oil’s rebound this year. Brent and U.S. crude have lost almost 8 percent since Thursday's settlement - the largest two-day drop in nearly five months after Brexit vote. Brent eased $1.25, or 2.6 percent, to settle at $47.16 a barrel. It dipped to a seven-week low of $46.69 during the session. WTI crude shed $1.31, or 2.8 percent, to close at $46.33.
read more... 28/06/2016
Brexit leaves ambiguous future for Europe’s carbon market
Britain's decision to exit the European Union has elevated a critical question about the future of the world’s largest carbon market and fears that it could also abandon the scheme sent prices dropping.
read more... 27/06/2016