Latest news
Germany’s renewable power hits a new record
Germany’s renewable electricity surpassed the old record of 74 percent on July 25, hitting 78 percent of the day’s energy demand, spurred by windy weather in the north where Germany has most of its wind turbines installed and by sunny weather in the south.
read more... 29/07/2015
Germany’s coal imports likely to drop by 5.7%
Germany's coal imports are expected to drop to 53 million tonnes in 2015 from a record high last year of 56.2 million, as stated by a lobby group VDKi on Thursday, quoting lower demand from power stations and steel producers.
read more... 24/07/2015
Daily: Brent crude hits its lowest settlement since April on supply glut, weak demand
Brent crude oil futures hit its weakest point since April on Thursday and U.S. crude declined below $49 a barrel for the first time since late March, on continued worries about robust supply and low demand which offset support from dollar’s depreciation. U.S. crude for September delivery shed 74 cents to close at $48.45 a barrel, the weakest settlement since March 31. Brent crude for September delivery dipped 86 cents to settle at $55.27, the lowest settlement since April 2.
read more... 24/07/2015
Daily: European spot power prices retreat due to lowering air conditioning demand
Crude oil prices declined and WTI closed below $50 a barrel on Wednesday after government figures indicated that crude oil stockpiles in the United States strengthened last week and as a stronger dollar and weaker global equities added to pressure. U.S. crude for September delivery tumbled $1.67, or 3.28 percent, to settle at $49.19 a barrel, first settlement below $50 since April. Brent crude for September delivery dropped 91 cents to close at $56.13.
read more... 23/07/2015
Daily: British prompt gas prices edge up on weaker supply from Norway, cooler weather
WTI crude oil futures declined over 1 percent on Wednesday after an unexpected increase in inventories, while gasoline jumped on bets for strong fuel demand during the peak summer driving season. Brent rose 20 cents, or 0.4 percent, to settle at $57.05. U.S. crude's front-month contract fell 68 cents, or 1.3 percent, to close at $51.65 a barrel. It had slipped on Tuesday to touch $50.58, its weakest level since April 8.
read more... 09/07/2015