Lithuania power prices dropped to a record low last week since imports from the Nordic countries increase via a new underwater electricity connection to Sweden, as stated by the Baltic state's grid operator Litgrid on Tuesday.
read more... 24/02/2016
The U.S. solar industry has broken another record, adding 7.3GW of new generating capacity in 2015, according to figures released by GTM Research and the Solar Energy Industries Association (SEIA).
read more... 24/02/2016
Bulgaria signed a deal with Royal Dutch Shell on Tuesday to explore for oil and gas in an offshore block in the Black Sea in a bid to end its almost total reliance on Russian natural gas.
read more... 24/02/2016
Oil prices lost 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi reiterated that the kingdom will maintain output levels as the demand would capable to absorb the crude glut. Crude oil prolonged losses after settlement when an U.S. industry trade group API said domestic crude inventories escalated more than twice than expected by analysts. Benchmark Brent crude futures fell $1.42, or 4 percent, to settle at $33.27 a barrel, while U.S. crude futures declined $1.52, or 4.6 percent, to close at $31.87 a barrel.
read more... 24/02/2016
Crude oil prices rebounded as much as 6 percent on Monday, spurred by IEA‘s speculation that U.S. shale output could decline and a hike in equities fed worries that crude prices may dip after a 20-month collapse. Futures of Brent rose $1.68, or 5 percent, to settle at $34.69. WTI crude futures climbed $1.84, or 6 percent, to close at $31.48 a barrel, rebounding above $32 at one point.
read more... 23/02/2016