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Iran Delivers First Crude Oil Shipment to Europe After Nuclear Deal, Planning To Increase Oil Production

Iran has started to export its crude oil to Europe after a landmark nuclear deal was achieved. The sanctions lifting becomes a new chapter for Iran to rebuild its oil industry, and increase the production per day.

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Diesel Price Drops Below One Euro

Oil price drop to $30 per barrel as Iran begin delivery to Europe

The price of the oil dropped once again to $30 per barrel after Iran delivered its first shipment to Europe. This fall is seen as a boon for some nations while it is considered as a disaster for others.

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BP To Cut 3000 Jobs As Earnings Plunge

BP widens natural gas project in Oman

BP enters into an agreement with Oman government to widen the license area of Block 61. The company strengthens its commitment in Oman with a view to broadening its business in the country.

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Views Of Tankers & Refineries As Oil Trades Near 12-Year Low

Oil Price Soars While Stocks Follow The Trait Too

The average oil price has dipped well below $30 a barrel on Thursday, which has been reported to be sold at $31 on Friday. Sharp fall of oil prices on Thursday has been analyzed as the triggering factor for some bargain hunting by some traders. However, equity market has also witnessed a boost which is believed to be induced by oil price soaring.

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Arch Coal Inc. Facilities As Company Files For Bankruptcy

Investment in US mining, exploration drops 35%

The oil price drop is forcing several mining and exploration companies to reduce costs and investments. As a result, the investment in US mining and exploration fell 35 percent in 2015. Some mining companies have started applying for bankruptcy protection.

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Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan Arrives In India, Prime Minister Narendra Modi Welcomes

Abu Dhabi keen on aviation, energy sectors in India

India seeks investments from United Arab Emirates (UAE) in oil, aviation and infrastructure segments. Abu Dhabi is also keen on developing projects in India. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, is on an official tour in India.

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A SolarCity Corp. Residential Solar Panel Installation Ahead Of Earnings Figures

Disclosure Of Fourth Quarter Earnings Slashes SolarCity Stock Prices By 33.59%

SolarCity Corp. has been displaying a tremendous growth during the last couple of years. The largest solar plant provider in the US has disclosed fourth quarter earnings during late hours on Tuesday. The earning scenario has disheartened the investors and its share prices have been decreased by 33.59% in the after hour trading on Tuesday.

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OMB Director Shaun Donovan Holds News Conference On Obama FY 2017 Budget

US economic woes not due to lower oil prices

The US economy woes are not due to oil price drop, opine economists, who rule out the common view of financial media, government officials and academic that attribute the oil price drop to the American economic woes. The oil price fall will be detrimental to oil producing nations, but it's a boon to the rest of the economy.

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Views Of Largest U.S. Oil Hub As Stockpile Growth Slows

IEA warns of worse than expected oil glut

The International Energy Agency (IEA) has warned that short-term risks downside have increased as oil glut is expected to be worse than anticipated. With Iran resuming oil production, the sluggish global demand is adding further to the woes. OPEC's continuation of oil production is keeping pressure on oil prices.

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Dow Plunges 400 Points In Intraday Trading

Hedge funds betting on risks in US bluechips debt

The bonds are gaining momentum amid sluggish financial markets and uncertainty about the global economy. Majority of hedge funds are betting on the $4.5 trillion market as the safest for US corporate debt. Some hedge funds forecast the concerns may go beyond energy and junk bonds.

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Delivering Alpha - Season 2015

Carl Icahn lost $90 million in his portfolio

Two of the many energy related shares in Carl Icahn portfolio's plunged on Monday trade causing the activist investors a paper loss of $90 million. The two companies are Chesapeake Energy Corp. and Transocean Ltd.

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BRITAIN-NORWAY-OIL-EARNINGS-STATOIL

Statoil's dividend irks major wealth fund

The Norwegian government is reeling under pressure owing to oil price drop. The lower oil price is eroding revenues for the government. The Norwegian government is counting on state's dividends from Statoil ASA.

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 GERMANY-THEME-GREEN-INNOVATIONS

UK Green Bank And BlackRock Consortium Acquires GLID Wind Farms For £423 million

The UK Green Investment Bank Financial Services ties up with world’s largest asset manager BlackRock to purchase GLID Wind Farms. The farms located in Aberdeenshire, Scotland and Lincolnshire are capable of producing 220 MW clean powers. With the acquisition, GIBF will produce 3,970 GWh of clean power each year. Meanwhile, BlackRock will own and manage 66 wind and solar projects in Europe and North America on behalf of its clients.

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Spanish Royals Visit Morocco - Day 2

Morocco King Unveils First Phase of The World's Largest Solar Plants

The completion of the first stage will also begin the second and third stage of the project. Once finished this power plant will be the world's largest, providing electricity for 1.1 million people in Morocco. The project would also help reduce the country's dependence on imported energy source as well as reducing carbon emission.

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