Germany gets economic lift with wind energy
With the start of construction of a new wind farm off the coast of Germany, officials said the nation’s economy was supported through low-carbon efforts. German energy company E.ON, with Continue Reading
Norway’s Statoil says it reached emissions goals early
After reaching its climate targets ahead of schedule, Norwegian energy company Statoil said it was raising the bar for cutting its emissions. The Norwegian energy company, one of the more Continue Reading
Goldman Turns Bullish On European Oil Majors
Goldman Sachs has raised its earnings per share (EPS) estimates for the European oil majors’ third-quarter results, and believes that the stocks will start reversing their underwhelming year-to-date performance when Continue Reading
Gazprom’s Nord Stream Russia-German natural gas pipeline work completed
Flows of Russian natural gas via Gazprom’s Nord Stream pipeline into northeast Germany have resumed after annual maintenance was completed on schedule, Nord Stream AG said in a press release Continue Reading
Exclusive: VW moves to secure cobalt supplies in shift to electric cars
Germany’s Volkswagen ( VOWG_p.DE ) is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates its ambitious shift to electric cars. Cobalt Continue Reading
Oil prices narrowly higher as producers meet on output pact
Oil prices were narrowly higher on Friday as the market waited to see whether major oil producers would back an extension to output cuts beyond March at a meeting in Continue Reading
Oil Prices Stall After Recent Rally
Oil prices wavered between small gains and losses Thursday, as investors awaited clues on whether OPEC will do more to ease a global supply glut. Light, sweet crude for November Continue Reading
Oil settles flat as unease builds ahead of OPEC meeting
Oil prices settled nearly flat on Thursday, the eve of a meeting of major oil-producing countries in Vienna to discuss whether they will extend production limits that have helped reduce Continue Reading
Natural Gas Settles Lower on Larger-Than-Expected Inventory Build
Natural gas prices fell for the third straight session Thursday, as inventories grew more than expected for the second straight week. Futures for October delivery fell 14.8 cents, or 4.8%, Continue Reading
IEA: Subdued demand means relatively oversupplied oil market
Despite multilateral efforts to balance the oil market with managed production cuts, the situation in general still favors the supply side, the IEA said. The Organization of Petroleum Exporting Countries Continue Reading