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Showing posts with the label December 11

Oil rises more than 1 percent on OPEC-led supply cuts, trade talk hopes

Oil rises more than 1 percent on OPEC-led supply cuts, trade talk hopes https://cnb.cx/2SFcTPN Oil prices climbed by more than 1 percent on Wednesday, lifted by expectations that an OPEC-led supply cut announced last week for 2019 would stabilise markets as well as hopes that long-running Sino-American trade tensions could ease. https://ift.tt/2PddWW7 December 11, 2018 at 05:00PM Energy https://cnb.cx/2KU3Ztw

Bank of America is more bullish than most on its oil price forecast for 2019

Bank of America is more bullish than most on its oil price forecast for 2019 https://cnb.cx/2Uxi6ep The bank sees Brent crude at $70 a barrel in 2019, saying OPEC's cuts are "sufficient" to support prices.  https://ift.tt/2PddWW7 December 11, 2018 at 04:46AM Energy https://cnb.cx/2KU3Ztw

Defying Trump, Saudi Arabia chooses 'Saudi first' oil policy at OPEC meeting

Defying Trump, Saudi Arabia chooses 'Saudi first' oil policy at OPEC meeting https://cnb.cx/2GkrSxs President Donald Trump asked Saudi Arabia to cut fuel costs by pumping at full throttle. Instead, the Saudis convinced oil producers to cut output and will sharply throttle back its own production. https://ift.tt/2PddWW7 December 11, 2018 at 05:33AM Energy https://cnb.cx/2KU3Ztw

Enel Group starts construction of 244-megawatt wind farm in Mexico

Enel Group starts construction of 244-megawatt wind farm in Mexico https://cnb.cx/2LauCfj Total investment in the construction of the wind farm is approximately $280 million.  https://ift.tt/2PddWW7 December 11, 2018 at 04:33AM Energy https://cnb.cx/2KU3Ztw

UK announces $126 million of funding for renewable energy in Africa

UK announces $126 million of funding for renewable energy in Africa https://cnb.cx/2Qpikpu The money will be used to support the Renewable Energy Performance Platform. https://ift.tt/2PddWW7 December 11, 2018 at 01:25AM Energy https://cnb.cx/2KU3Ztw