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Daily: Crude oil prices decline on unseasonably gloomy demand, crude and refined products ample supplies
Crude oil futures dropped on Thursday as unseasonably gloomy demand and ample supplies of crude and refined products compensated strong Chinese manufactory data which in July posted its fastest growth in 18 months. Brent crude for September delivery declined 96 cents to settle at $107.07 a barrel, after closing 70 cents higher on Wednesday, while the American benchmark, WTI crude fell $1.05 to close at $102.07 a barrel, after increasing 73 cents in the previous session. The spread between the two benchmarks settled at $5.
read more... 25/07/2014
Wind power will account for more than 7 percent of the world’s electricity mix by 2018
Despite a dramatic slowed growth in the global wind power in 2013, the prospects on worldwide wind industry are rising, according to a new report from Navigant Research.
read more... 25/07/2014
Japan to fund coal-fired power plants worldwide
The Japanese government has unveiled its support for the development of coal-fired power worldwide, by providing an annual investment of $4 billion. The move is neglecting calls from the Obama administration and global environmental groups to reduce public funding for carbon-intensive coal.
read more... 24/07/2014
European Commission approves the UK new CfD scheme of subsidies for renewable energy
The European Commission gave the green light to a new system of subsidies for renewable energy in the UK, paving the way for a comprehensive reform of the country’s electricity market.
read more... 24/07/2014
Daily: German power prices at 4-month high on threat of new sanctions against Russia
Crude oil prices increased on Wednesday, as oil inventories in the U.S. dropped more than predicted and as geopolitical tensions in Eastern Europe and the Middle East continued. Brent crude for September delivery boosted 70 cents to close at $108.03 and continued to rebound in post-settlement trade to hit $108.19 at 3:48 p.m. EDT (1948 GMT), while U.S. crude for September delivery boosted 73 cents to $103.12 a barrel.
read more... 24/07/2014