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US oil production is set to soar past 12 million barrels per day

Rising shale production is putting the United States on track to hit the 12 million bpd oil production mark sooner than previously forecast, the Energy Information Administration said in its November Short-Term Energy Outlook.

read more... 08/11/2018


Iberdrola plans to boost U.S. renewable power by about 50 percent: CEO

Iberdrola SA, the world’s biggest wind power producer, plans to expand its renewable capacity in the United States by about 50 percent over four years as part of the Spanish electric utility’s global plan to reduce carbon emissions, its chief executive told Reuters on Monday.

read more... 25/09/2018


France, Spain and Portugal to build gas pipeline for supply of American liquefied gas to EU

French, Spanish and Portuguese leaders approved the EU decision regarding the supply of liquefied gas from the United States, according to the declaration signed by the three countries after the energy interconnection summit in Lisbon on Friday, July 27.

read more... 30/07/2018


Daily (25.07.2018): Carbon prices slumped by 2% from a 7-year high, after weak auction on Tuesday

Oil prices soared on Tuesday, amid concerns over a potential rise in demand from China, shifting focus from the trade war between the country and the United States. Brent crude edged 0.5% higher at $73.44 a barrel. Consequently, WTI crude gained 0.9% to settle at $68.52 a barrel.

read more... 25/07/2018


Daily (12.07.2018): Brent crude plummeted by almost 7% on Wednesday, on news that Libya would increase output

Oil prices slumped on Wednesday, on concerns of increasing trade tensions between two world’s major economies - United States and China. Brent crude tumbled by 6.9% to $73.40 a barrel, following the news that four ports in Libya would ease back in the game. Meanwhile, WTI crude traded 5% lower at $70.38 a barrel.

read more... 12/07/2018