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Daily: U.S. crude oil soars 6% as top producers agreed to meet in Qatar
U.S. oil prices soared about 6 percent on Wednesday, slashing losses of the past two days after top producers agreed to meet in Qatar to debate an output freeze and U.S. crude inventories increased less than expected. WTI jumped $2.12, or 5.8 percent, to settle at $38.46 a barrel. It had declined 5 percent in the past two sessions. Brent crude hiked $1.59, or 4 percent, to close at $40.33 a barrel.
read more... 17/03/2016
Doubling share of renewables by 2030 might save $4.2 trillion/year
Doubling the share of renewable energy in the global energy mix to 36 percent by 2030 might save the world economy approximately $4.2 trillion a year, research by the International Renewable Energy Agency (IRENA) revealed on Wednesday.
read more... 17/03/2016
Poland: Energa envisages EDF heating plants, more coal projects
Energa is thinking about purchasing mostly coal-fired heating plants from French utility EDF and investing in local troubled coal mining company Kompania Weglowa, Poland's No.4 utility stated on Tuesday.
read more... 16/03/2016
Daily: Crude oil settles 2 percent lower on U.S. inventories concerns
Crude oil prices declined 2 percent on Tuesday as the market was pressured by concerns that U.S. crude inventories were still increasing amid decreasing output and refinery maintenance. Brent eased 79 cents to close at $38.74 a barrel, down 2 percent close to Monday’s level. U.S. crude lost 84 cents, or 2.3 percent, to settle at $36.34. In the last session, it dropped 3 percent.
read more... 16/03/2016
Three German energy giants claim a €19bn compensation for nuclear closure
German utility giants E.ON, RWE and Vattenfall and government clashed at a court hearing over the country's controversial decision to phase out all nuclear plants by 2022 aftermath the dramatic incident at Japan’s Fukushima nuclear power plant in 2011.
read more... 16/03/2016