U.S. crude prices declined 4 percent on Wednesday, recording their largest daily decrease since April after oil inventories in the United States rebounded for the first time in more than two months. WTI crude fell $2.51, or 4.2 percent, to close at $56.96 a barrel. It is biggest decline since April 8. Brent crude shed $1.58, or 2.5 percent, to settle at $62.01.
read more... 02/07/2015
Czech utility EPH has finalized the acquisition of E.ON's coal- and gas-fired power plants in Italy after consenting to the transaction in January, as stated by EPH on Wednesday.
read more... 02/07/2015
French gas and power conglomerate Engie declared it has acquired 95 percent of French solar park developer and operator Solairedirect for only around 200 million euros ($222 million), making it the major solar operator in France and bring it a portfolio of projects abroad.
read more... 02/07/2015
The electricity regulator in Bosnia's independent Serb Republic on Tuesday deferred a decision to permit the region's power utility ERS to increase electricity prices by an average 8.76 percent from July, mentioning legal and technical problems.
read more... 01/07/2015
German industrial conglomerate Siemens is thinking about constructing a new plant in Germany to produce parts for wind turbines, as declared by its chief executive to a German newspaper.
read more... 29/06/2015