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China to double its installed solar power capacity in 2013
Chinese government intends to add 10 gigawatts (GW) of installed solar power capacity in 2013, up from 7 GW at the end of 2012, this new goal will more than double its installed solar power capacity in 2013 in comparison to 2012 when they suffered heavy losses because of the sliding foreign demand as Europe cuts subsidies for green power and panel prices drop by 30 per cent last year, virtually erasing firms’ profits.
read more... 10/01/2013
Daily: European power spot prices jump as cold weather is lifting demand
Brent crude oil climbed 54 cents to settle at $111.94 a barrel on Tuesday, backed by buying related to the annual rebalancing of the S&P GSCI commodity index. Meanwhile, front-month U.S. crude oil futures eased by 4 cents on Tuesday to settle at $93.15 a barrel, weakening as the S&P GSCI commodity index - one of the two biggest commodity indexes - began to rebalance for 2013.
read more... 09/01/2013
Daily: European power prices decreased on a major wind power production in Germany
Crude oil was down on Thursday on concerns about looming U.S. budget discussions and signs of increasing anxiety by the U.S. Federal Reserve about buying bonds to spur economic growth. The U.S. budget crisis was under strongly surveillance by the oil markets , as well as steady problems in the euro zone, for signs over a possible decrease in fuel demand.
read more... 04/01/2013
Daily: Brent and U.S. crude settle lower as fiscal deal optimism lessens
Brent and U.S. crude oil futures declined more than 1 percent on Friday on hesitating efforts to negotiate a U.S. budget which intensified fears that a deal would not get done to avoid mandated tax hikes and spending cuts that could curb the economy and demand for petroleum. Meanwhile, Brent February crude dropped $1.23, or 1.12 percent, to settle at $108.97 a barrel, having traded from $108.66 to $110.28. U.S. February crude futures eased by $1.47, or 1.63 percent, to settle at $88.66 a barrel.
read more... 24/12/2012
Daily: German power hits new lows on weaker spot prices
Front-month Brent climbed by $1.52 to settle at $110.36 a barrel on Wednesday, recording the biggest one-day gain since Nov. 19, while expiring U.S. January crude futures climbed $1.58, or 1.80 percent, to settle at $89.51 a barrel, having traded from $87.81 to $89.90, as expectations that a deal will be reached to avert the U.S. "fiscal cliff", brought support to demand.
read more... 20/12/2012