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Daily (25.08.2017): Expected decline in wind and nuclear production lifts electricity prices
Oil prices dropped on Thursday as Hurricane Harvey, expected to come ashore as the strongest storm to hit the U.S. mainland in 12 years, threatened oil operations along the energy hub on the U.S. Gulf Coast. Brent crude settled down 53 cents a barrel, or 1 percent, at $52.04. Meanwhile, WTI crude price fell 2% to $47.43 a barrel.
read more... 25/08/2017
Daily (24.08.2017): Carbon prices hit new 6-month high on Wednesday
Oil prices soared on Wednesday after U.S. crude inventories dropped for the eighth straight week and as a storm approached the Gulf Coast with the potential to disrupt the production of oil and refined products. Brent crude futures settled 70 cents up to $52.57 a barrel, while U.S. West Texas Intermediate was trading at $48.41, up 58 cents.
read more... 24/08/2017
Restructuring of Polish mining industry boosts net profits
The Polish coal mining industry saw an 80% rise in net profits this year compared to the last, when the coal mining industry was in the process of restructuring and coal prices were high.
read more... 23/08/2017
Daily (23.08.2017): Oil prices rose on forecasts of another crude stockpile drawdown in the U.S.
Oil prices edged up on Tuesday, boosted by expectations of another crude stockpile drawdown in the United States, but price gains were limited amid the reopening of Libya's biggest oil field. Brent crude ended higher by 21 cents, or 0.4 percent, at $51.87 a barrel, while U.S. crude futures settled 46 cents up at $47.83.
read more... 23/08/2017
Cheap solar power might be good for Australia’s mining sector
Australia’s most distinguished solar power researcher, Dr. Martin Green, says prices for PV technology will fall drastically. And while the plunge in prices could be harmful to the country’s thermal coal industry, it could bring multiple benefits to other Australian mineral and material exports.
read more... 22/08/2017