Crude oil prices dipped 6 % to hit new 12-year low as further reductions in the Chinese stocks market threatened to sink crude as low as $20 a barrel. Morgan Stanley warned that a further devaluation of the yuan could send oil prices spiraling into the $20-$25 per barrel range, prolonging the year's 15 percent decline. Brent crude futures eased $2.00 to close at $31.55 a barrel, their weakest since April 2004. Brent has collapsed more than 15 percent in six consecutive days of losses, the largest fall in a year. U.S. WTI crude futures shed $1.75 to settle at $31.41 a barrel, the lowest level since December 2003.
read more... 12/01/2016
RWE, Germany's second-largest utility, has decided to vend its Lynemouth coal-fired power plant in Britain to Czech-Slovak energy investment group EPH, it declared on Thursday.
read more... 08/01/2016
Hard coal mines in eastern Czech Republic will be eliminated by 2022 and the government hopes that the hard coal industry will slowly recover, led by cash-strapped miner New World Resources, as stated by Industry Minister Jan Mladek on Tuesday.
read more... 07/01/2016
China, world’s largest coal consumer, has taken a tough decision to block any new proposed coal mines at least until 2019.
read more... 06/01/2016
UK-based trading and investment conglomerate Energy Financing Team (EFT) declared on Tuesday it had begun testing its first electricity generation facility, the 300-megawatt (MW) Stanari coal-fired power plant in northern Bosnia.
read more... 06/01/2016