US crude rises 2.3%, settling at $51.45, as Russia leans toward output cut

November 29, 2018@4:59 AM TFP Editor 0

Oil reversed course and rose as much as 3 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week. Prices, however, were still set for its biggest one-month fall in November since the depths of the financial crisis in 2008, having lost about 22 percent so far. A seemingly relentless rise in crude supply from the United States, now the world’s […]

Oil bounces after falling below $50 as Russia leans toward output cut

November 29, 2018@4:59 AM TFP Editor 0

Oil reversed course and rose as much as 3 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week. Prices, however, were still set for its biggest one-month fall in November since the depths of the financial crisis in 2008, having lost about 22 percent so far. A seemingly relentless rise in crude supply from the United States, now the world’s […]

Oil falls below $50 for the first time in a year, heads for biggest monthly slide since 2008

November 29, 2018@4:59 AM TFP Editor 0

Oil fell on Thursday, bringing losses for the month so far to 23 percent, marking its largest one-month fall since the depths of the financial crisis in 2008. A seemingly relentless rise in U.S. crude supply, together with Saudi Arabia’s insistence that it will not cut output on its own to stabilise the market, wiped out overnight gains in oil futures. Brent crude futures fell 64 cents on the day to $58.12 a barrel, off […]

Oil falls, heading for biggest monthly slide since 2008

November 29, 2018@4:59 AM TFP Editor 0

Oil fell on Thursday, bringing losses for the month so far to 23 percent, marking its largest one-month fall since the depths of the financial crisis in 2008. A seemingly relentless rise in U.S. crude supply, together with Saudi Arabia’s insistence that it will not cut output on its own to stabilise the market, wiped out overnight gains in oil futures. Brent crude futures fell 64 cents on the day to $58.12 a barrel, off […]

Equinor’s first solar plant starts commercial operation

November 29, 2018@4:58 AM TFP Editor 0

Energy business Equinor’s “first step into solar energy” has been connected to the grid and is in commercial operation. The 162-megawatt Apodi Solar Plant, in Ceara State, Brazil, is expected to produce around 340,000 megawatt-hours of electricity annually, Equinor said Wednesday. This is enough to provide energy for over 170,000 homes. Pal Eitrheim, Equinor’s executive vice president for New Energy Solutions, described the news as a “strategic milestone” for the business. In October 2017, the […]

Navigant Research Report Shows North American Annual Power Capacity Deployments of Commercial & Industrial Thermal Energy Storage Systems Expected to Near 70 MW in 2027

November 29, 2018@4:43 AM TFP Editor 0

BOULDER, Colo.–(BUSINESS WIRE)–A new report from Navigant Research examines the global market drivers and barriers influencing the deployment of behind-the-meter residential and commercial and industrial (C&I) thermal energy storage systems (TESSs). As the behind-the-meter (BTM) distributed energy storage market matures, residential and C&I customers are seeking low cost distributed energy storage systems tailored for specific sector needs. BTM TESSs, which store thermal energy by heating or cooling a storage medium so that the stored energy […]