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China firms complete building Argentina's largest solar farm -Xinhua
Chinese companies have built a 300-megawatt solar farm in the highlands of northern Argentina, the largest of its kind in the South American nation, China’s state news agency Xinhua reported on Wednesday.
read more... 02/10/2019
Daily (30.09.2019): European spot power prices seen in a sharp fall on Friday due to strong supply
Crude oil prices lost ground on Friday, after media reported about a potential reduction of the U.S. investment portfolio into China, raising prospects of an aggravation of the U.S.-China trade tensions. Further pressure came from a contraction in the profits earned by Chinese industrial companies in August. In addition, Saudi Arabia’s strong efforts to bring its oil output back on track sooner than expected continued to weigh on prices. Brent crude fell by 1.3% to $61.91 a barrel, while WTI futures inched down by 0.9% at $55.91 a barrel.
read more... 30/09/2019
Daily (16.08.2019): EU carbon prices at a new 5-week low on Thursday, due to speculative selling, Brexit fears and a weak macroeconomic context
Intensifying recession fears spurred by downbeat economic data in Europe and China dragged the crude oil prices lower on Thursday. China’s warning about potential countermeasures in response to the latest U.S. tariff on Chinese goods also weighed on the market. Moreover, the rise in the U.S. crude inventories, extended unexpectedly into the second week, added pressure on crude prices. Under such circumstances, Brent crude dropped by 2.1% to $58.23 a barrel, while WTI futures lost 1.4% to trade at $54.47 a barrel.
read more... 16/08/2019
Daily (14.08.2019): Crude oil prices soared by nearly 5% on Tuesday, bolstered by the U.S. tariff delay on Chinese products
The U.S. announcement on Tuesday about the 10% tariff delay for certain Chinese products spurred the biggest daily percentage gain in crude oil prices since December. Prices were also boosted by an expected decline in the U.S. crude inventories and Saudi Arabia’s firm intention to support OPEC-led supply cuts. Against that bullish background, Brent crude spiked by 4.7% to $61.30 a barrel, while WTI futures surged by 4% to $57.10 a barrel.
read more... 14/08/2019
Daily (05.08.2019): WTI futures jumped by 3.2% on Friday, as the market digests Donald Trump’s intention to raise tariffs on Chinese goods.
Crude oil prices reversed trend adding gains on Friday, after the sharpest daily drop in more than three years in previous session, as the market is still uncertain about the impact of Donald’s Trump intention to slash more tariffs on Chinese goods. As a result, Brent crude jumped by 2.3% to $61.89 a barrel, while WTI futures climbed by 3.2% to $55.66 a barrel.
read more... 05/08/2019