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Daily: European prompt power fell sharply on cold, windy weather
Crude oil futures tried to stabilize on Tuesday on the New York Mercantile Exchange (Nymex), after declining sharply the previous day to the level of mid-April, as the market was encouraged by the further extension of talks with Iran, worries about Greece's indebtedness and China's stock market losses. WTI crude fell 20 cents to settle at $51.98 a barrel, a three-month low, and extending to more than 8 percent its drop since Thursday's settlement. Brent rose 31 cents to end at $56.85. Both benchmarks increased in post-settlement trade, after the API indicated the higher-than-expected stockpile drop.
read more... 08/07/2015
Daily: Crude oil plunges 8% on Greek vote to reject austerity measures
Crude oil prices plunged by about 8 percent on Monday, registering the largest selloff since five months, as Greece’s vote to reject tough economic bailout conditions and China's stock market woes trigged a deepening spiral of losses. The slump was also encouraged by a potential nuclear deal in Iran, which could result in supply glut on oil market. U.S. crude closed at $52.53 a barrel, down $4.40 or 7.7 percent, from its settlement on Thursday and below the 100-day moving average, the biggest percentage drop in a day since early February. Brent crude crashed $3.78, or 6.3 percent, to settle at $56.54, also below the 100-day average.
read more... 07/07/2015
China unveils a mega-project, with natural gas as a priority
China unveiled a mega-project called “One Belt – One Road” which will unleash a regional infrastructure boom by connecting China with Asia, Europe and Africa by land and sea. If completed, it will be the biggest infrastructure undertaking ever built.
read more... 29/06/2015
China to remain the world’s largest market for annual solar installations in 2015
China will keep its leadership position in terms on annual solar installations, adding more than 17.6 GW of photovoltaic (PV) capacity by the end of 2015.
read more... 11/06/2015
Gazprom declares China begins constructing part of Power of Siberia
China initiated construction last week of a pipeline to obtain Russian gas, as declared by Russian state gas firm Gazprom on Tuesday.
read more... 03/06/2015