Oil prices inched up on Tuesday, supported by Saudi Arabia's plan to tighten supply in April. A shortage in Venezuelan oil exports due to a power outage also boosted prices. However, gains were limited by rising U.S. crude production. Both Brent and WTI crude rose by 0.1% to $66.67 a barrel and $56.87 a barrel respectively.
read more... 13/03/2019
Solar power will prove an important technology in stopping power outages across Europe in coming years.
read more... 12/10/2018
Oil prices regained momentum on Thursday, after having declined a day earlier because of high crude inventories, but predictions of lower demand kept prices under control. Brent crude closed 1% higher at $71.43 a barrel, posting a 1% loss for the week. Meanwhile, WTI crude rose 0.7% to $65.46 a barrel, slumping by 2% week-on-week.
read more... 17/08/2018
Oil prices rose slightly on Tuesday, due to imminent U.S. sanctions against Iran and an outage at Syncrude Canada facility that reduced crude supplies. Brent crude soared by 0.6% to $77.76 a barrel. WTI crude edged 0.3% higher at $74.14 a barrel, reaching a new peak since the end of 2014.
read more... 04/07/2018
Decreasing U.S. crude stocks, a supply outage at Syncrude in Canada and uncertainty over Lybian exports boosted oil prices on Wednesday. Brent crude jumped to almost a three-week peak, to settle 1.7% higher at $77.62 a barrel. Meanwhile, WTI crude rose by 3.1% to $72.76 a barrel, or a 3 ½ -year high.
read more... 28/06/2018