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Daily: Crude oil prices soar on loading issues for UK crude, higher U.S. gasoline demand
Crude oil prices hiked as much as 3 percent on Wednesday, with Brent spurred by news of stalled loadings for the United Kingdom's North Sea oil due to technical issues, while U.S. crude futures boosted after robust demand for gasoline reduced worries about record high crude stockpiles. Brent, the global benchmark for crude, rose $1.14, or 3.4 percent, to settle at $34.41 a barrel. U.S. crude futures advanced 28 cents, or nearly 1 percent, to close at $32.15 after gasoline demand soared more than 5 percent over the past four weeks compared with a year ago, according to the government data.
read more... 25/02/2016
Lithuania electricity prices attain record low on imports from Sweden
Lithuania power prices dropped to a record low last week since imports from the Nordic countries increase via a new underwater electricity connection to Sweden, as stated by the Baltic state's grid operator Litgrid on Tuesday.
read more... 24/02/2016
U.S. hit a stunning record in terms of solar PV installations in 2015
The U.S. solar industry has broken another record, adding 7.3GW of new generating capacity in 2015, according to figures released by GTM Research and the Solar Energy Industries Association (SEIA).
read more... 24/02/2016
Daily: Crude oil down 4%, with Brent declining for a third consecutive week
Crude oil prices declined 4 percent on Friday, with Brent falling for a third consecutive week, as a record high in U.S. crude inventories aggravated worries that a plan to freeze output will have a low contribution in reducing massive oil supplies. A decrease in the U.S. equity market also weighed on crude. Brent crude lost $1.27, or 3.7 percent, to settle at $33.01 a barrel. U.S. crude fell $1.13, also ending 3.7 percent lower at $29.64.
read more... 22/02/2016
Daily: European spot power prices diverge, with French contract down amid weak demand
Brent crude ended lower on Thursday after figures indicated U.S. crude stockpiles soared to record highs eclipsed output freeze plans by top oil producers that had considerably increased the market this week. Brent crude fell 22 cents to settle at $34.28 a barrel, having boosted more than $1.20 before the data. U.S. crude rose slightly 11 cents to end at $30.77 a barrel, after an earlier peak at $31.98.
read more... 19/02/2016