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Daily: German day-ahead power prices decline on stronger renewable output
Crude oil declined nearly 4 percent on Wednesday, dragged down by robust supply and worries about demand being slashed slowing economic growth. Oil futures prolonged losses as U.S. equities turned lower after economic stimulus outlook from China spurred stock markets in Japan and Europe. Brent crude declined by $1.94, or 3.92 percent, to settle at $47.58 after boosting 4 percent in the previous session. U.S. crude lost $1.79, or 3.9 percent, to settle at $44.15, having declined on Tuesday as trading restarted after the Monday's Labor Day holiday.
read more... 10/09/2015
China to build a new prototype of nuclear reactor in UK
The British Prime Minister David Cameron is poised to sign a new deal with China, allowing it to build a new prototype nuclear reactor in Bradwell, Essex - which would become the first Chinese-operated facility in the West.
read more... 08/09/2015
Daily: Crude oil prices decline over 3 % amid supply glut, weak equities in China
Crude oil futures lost more than 3 percent on Monday, dragged down by weaker equities in China and robust North Sea crude production data that added to global supply glut worries. Brent crude for October delivery declined by $1.98 to close at $47.76 a barrel, down 3.73 percent. U.S. crude slipped $1.80 to trade at $44.25 per barrel by 2:48PM EST (1848 GMT), with trading volume of around 75,000 lots less than one-quarter the norm due to the U.S. Labor Day holiday.
read more... 08/09/2015
China is approaching the smart power grid
China is envisaging investing at least CNY2 trillion ($313bn) to upgrade its power grid infrastructure over the 2015-2020 period, a report by a government newspaper said on Monday.
read more... 02/09/2015
Russia: Gazprom will ink MOU on gas supplies to China
Russia's Gazprom will ink a memorandum of understanding (MOU) with CNPC on conveying gas to China during President Vladimir Putin's visit to Beijing this week, according to a Kremlin supporter on Monday.
read more... 01/09/2015