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Daily: Crude oil prices gain ground amid concerns over Middle East turmoil
Crude oil prices rebounded on Monday as a robust global demand compensated a strong dollar, although a holiday in the United States and much countries of Europe reduced the trading activity. Crude oil was also spurred by signs that U.S. supply is easing and by fresh worries that violence in the Middle East will aggravate. U.S. crude stockpiles have declined for three consecutive weeks after having rallied to record highs last month.
read more... 26/05/2015
UK posts a record high in renewables investment in 2014
The British renewable industry registered a record high in new investments in 2014, attracting £10.7bn (USD 17bn/EUR 15bn) in 2014, according to an annual analysis by PwC for the Renewable Energy Association.
read more... 15/05/2015
Saudi Arabia’s crude oil output surges at record high in April
Saudi Arabia, the biggest oil exporter in the world, increased its crude oil production in April to a record high to cover demand from Asian buyers and to meet the needs of domestic power stations and refineries.
read more... 13/05/2015
Daily: Brent registers the first weekly loss after series of gains on supply glut worries
Brent crude recorded its first weekly loss in a month on Friday on fresh concerns about global oversupply, while WTI crude boosted for an eight consecutive week, spurred by jobs growth figures and the first storm of the hurricane season forming. Brent crude declined by 15 cents or 0.2 percent to settle at $65.39 a barrel on Friday. It posted a 1.6 percent loss on the week. U.S. crude firmed by 45 cents, or 0.8 percent, for the session to close at $59.39 a barrel. It registered a 0.4 percent gain on the week.
read more... 11/05/2015
China’s crude oil imports rally to a record high in April
China, the world's second-largest crude oil buyer, registered a record high in its crude oil imports in April at 7.37 million barrels per day (bpd), as demand remains robust amid declining prices, encouraging stockpiling, according to data from the General Administration of Customs. In April, China imported a higher-than-expected 30.29 million tonnes of crude oil, while on a daily basis, April imports were up 13 percent compared with March.
read more... 08/05/2015