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Month: April 2017

Category:
  • Solar

Solar power reliability in Britain boosted with batteries

Batteries deployed at solar farms in Britain could add reliability to the renewable energy portfolio in the country, developers said. Investment manager Ancala Partners and energy storage provider Anesco said Continue Reading

Posted On : 25 Apr 2017 Published By : Tom Whipple
Category:
  • China
  • Russia

Russia elbows Saudi Arabia aside as China’s top crude oil supplier in March

Workers look at a drilling rig at a well pad of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. Russia reclaimed its Continue Reading

Posted On : 25 Apr 2017 Published By : Tom Whipple
Category:
  • Russia

Russia’s Oil Cuts Won’t Be So Easy If OPEC Deal Is Extended

Country typically increases output in second half of the year Rosneft and Lukoil plan higher spending and more drilling For Russian oil companies, the historic agreement to boost prices by Continue Reading

Posted On : 25 Apr 2017 Published By : Tom Whipple
Category:
  • Prices

Oil recovers some ground, rise in U.S. drilling caps gains

Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a relentless Continue Reading

Posted On : 24 Apr 2017 Published By : Tom Whipple
Category:
  • Prices

Oil Halts Five-Day Slide as Markets Rally and OPEC Keeps Cutting

Committee said to conclude March compliance at 98%: delegate U.S. dollar weakens versus euro after French election results Oil rose for the first time in six days as an OPEC-led Continue Reading

Posted On : 24 Apr 2017 Published By : Tom Whipple
Category:
  • Middle East

Space May Be Next Frontier for Earth’s Crude Oil Giants: Analyst

Navitas says the Middle East could play space mining role Satellites prospecting asteroids could be launched in 5 years The Middle East has an outsize impact on energy here on Continue Reading

Posted On : 24 Apr 2017 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela’s President Maduro calls for talks with opposition

The latest protests were on Saturday and another march is planned for Monday Venezuela’s President Nicolas Maduro has called for talks to resume with the opposition. He also said he Continue Reading

Posted On : 24 Apr 2017 Published By : Tom Whipple
Category:
  • United Kingdom

UK Conservatives pledge energy price cap, hitting utility shares

Britain’s ruling Conservative Party said it would cap domestic energy prices if it retained power in an election in June, targeting an industry it accuses of not working properly and Continue Reading

Posted On : 24 Apr 2017 Published By : Tom Whipple
Category:
  • Prices

Oil Crashes Into $40’s As Hedge Funds Sell Off

Oil prices fell fast on Friday afternoon as traders see the rising rig count as yet another sign that the markets are still grossly oversupplied. (Click to enlarge) Friday, April Continue Reading

Posted On : 22 Apr 2017 Published By : Tom Whipple
Category:
  • Prices

Oil dives below $50 as confidence in Opec wavers

Oil was set for the biggest weekly drop in a month as market confidence in Opec’s ability to overpower a resurgent US shale industry wavered. US benchmark West Texas Intermediate Continue Reading

Posted On : 22 Apr 2017 Published By : Tom Whipple

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