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Daily: European forward power prices rally to the highest level in 10 weeks, spurred by coal
Crude oil prices settled lower after a nervous trading on Thursday, capping losses due to a favorable report from the International Energy Agency (IEA), in a context of an omnipresent speculation after a Sunday summit in Doha between producing countries. Brent crude futures eased 34 cents to settle at $43.84 a barrel, while U.S. crude closed the session down 26 cents at $41.50.
read more... 15/04/2016
General Electric put the eye on German offshore wind
General Electric (GE), the world's third largest wind turbine manufacturer by market share after Denmark's Vestas and China's Goldwind is envisaging positioning itself in Germany’s flourish offshore wind sector and also is looking at nascent wind industries in Eastern Europe.
read more... 15/04/2016
Poland’s PGNiG inks $870 million framework gas supply deal with chemical firm Grupa Azoty
Poland's state-run gas company PGNiG inked a framework deal to deliver natural gas to state-controlled chemical firm Grupa Azoty, with the estimated value of the agreement at PLN 3.3 bln ($870.09 million) and estimated volume of some 4.5 bln cubic meters, according to PGNiG.
read more... 14/04/2016
IRENA unveils new record for renewable energy in 2015
Renewable energy generation capacity expanded by 8.3 percent last year to 1,985 GW worldwide, the fastest annual rate ever recorded, as indicated by data from the International Renewable Energy Agency (IRENA).
read more... 14/04/2016
Daily: British spot prices tumble as robust flows from Norway offset blackout at gas terminal
Oil prices declined from new four-month highs in agitating trading on Wednesday after Russian oil minister Alexander Novak stated at a closed-door briefing that a deal on an oil output freeze expected to be signed this month in Doha would not yield a positive outcome. Brent crude fell 51 cents to settle at $44.18 per barrel, while U.S. crude eased 41 cents to close at $41.76.
read more... 14/04/2016