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Daily: European forward power prices soar to six-week highs on higher gas, carbon prices
Crude oil prices tumbled declined for the first time in four sessions on Tuesday after the International Energy Agency (IEA) warned that solid supplies will increase global stockpiles before investments cuts started to considerably sap production. Brent crude for March delivery dropped by $1.91, or 3.3 percent, to settle at $56.43 a barrel, having slipped as low as $56.11. WTI March crude futures fell $2.84, or 5.37 percent, to close at $50.02 a barrel, after declining to $49.86.
read more... 11/02/2015
Vattenfall to proceed with lignite sale, concentrate on wind
State-owned Swedish utility Vattenfall is increasing investments in wind power as part of its effort to cut emissions and counterbalance losses at its struggling coal-fired power stations.
read more... 06/02/2015
Debt-crippled RWE slashes investments in renewable energy business
RWE Innogy, the renewable branch of Germany’s No.2 utility RWE, plans to slash its investments in renewable energy business to 1 billion euros ($ 1.2 billion) between 2015 and 2017 amid a crisis in the power sector which has triggered an accumulated debt of 31 billion euros ($36.7 billion).
read more... 13/01/2015
Daily: Crude oil prices fell after a volatile trading
Brent crude oil declined by a dollar on Friday following a day of nervous trading despite expectations of fresh investments in 2015, as strong mid-day hikes in crude oil vanished. Brent dropped 91 cents to close at $56.42 a barrel. Previously, it hit a post-2009 low of $55.48, having averaged around $110 a barrel between 2011 and 2013. U.S. crude for February delivery eased 58 cents a barrel to close at $52.69, before a constant 50-cent drop post-settlement.
read more... 05/01/2015
Polish utility Energa intends to make investments of $5.3 billion
Poland's Energa is aiming to invest 18.2 billion zlotys ($5.34 billion) until 2022, after the country's fourth major utility registered a third-quarter net profit at the level of market expectations, as stated by the group on Friday.
read more... 07/11/2014