Latest news
Norway could entirely interdict fossil fuel cars by 2025
Norway will apparently prohibit the sale of new fossil fuel cars by 2025.
read more... 07/06/2016
Daily: WTI crude post the highest level since July 2015 on supply disruptions
Crude oil prices rallied for a third consecutive day on Monday, spurred by attacks on Nigeria’s oil industry and new draws in U.S. crude inventories. July West Texas Intermediate crude boosted $1.07, or 2.2%, to settle at $49.69 a barrel on the New York Mercantile Exchange, the highest level since July 21 of last year. August Brent crude climbed 91 cents, or 1.8%, to settle at $50.55 a barrel on London’s ICE Futures exchange. During the session, it reached $50.83, its highest since November.
read more... 07/06/2016
Dubai to host world’s largest CSP complex by 2030
The Dubai Electricity and Water Authority (DEWA) announced its plans to construct a 1GW concentrated solar power (CSP) complex by 2030.
read more... 06/06/2016
Wind power generation in Ireland rose by 28%
Irish wind production rose by 28% in 2015 and presently represents one fifth of all electricity generation in the country.
read more... 06/06/2016
Daily: Crude oil prices shed on U.S. rig number increase
Crude prices fell more than 1 percent on Friday, prolonging losses after weekly industry figures showed U.S. drillers added nine oil rigs last week. Prices had already declined in early trade on concerns about the U.S. economy, but losses were capped by a weakening dollar. Brent crude futures ended the session down 40 cents at $49.64 per barrel. However, Brent’s remained almost double January lows, hitting its eighth weekly gain in nine weeks. U.S. West Texas Intermediate (WTI) crude futures eased 55 cents to settle at $48.62. For the week, prices dropped 1.1 percent, its first weekly decline in four weeks.
read more... 06/06/2016