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Daily (07.06.2019): NBP spot price plunged by 5.5% on Thursday, amid persistent oversupply
Crude oil prices rose on Thursday, following the hiking U.S. stocks which were boosted by a report showing that U.S. could delay tariffs on imported goods from Mexico. Brent crude added 1.7% to trade at $61.67 a barrel, while WTI futures jumped by 1.8% to $52.59 a barrel. Still, last week’s surge in U.S. crude stocks coupled with new threats from U.S. President Donald Trump to impose tariffs on further Chinese goods could limit the rally.
read more... 07/06/2019
Innogy starts pre-construction of 250-MW wind park in Ohio
Germany-based energy company Innogy SE today announced the beginning of construction work on the 250-MW Scioto Ridge wind project in Ohio, its first onshore wind farm in the US.
read more... 07/06/2019
China and Russia sign general contract for two Xudabao units
The general contract for Russian-designed VVER-1200 reactors for units 3 & 4 of the Xudabao nuclear power plant in China's Liaoning province was signed yesterday in Moscow in the presence of the countries' heads of state.
read more... 07/06/2019
Iberdrola plans Europe's largest solar power plant in Spain
Iberdrola plans to build a 590MW solar plant that will be Europe’s largest, the energy giant said.
read more... 07/06/2019
Daily (06.06.2019): Crude oil prices fell by around 3% on Wednesday, due to higher inventories and low demand outlook
A surprise surge in the U.S. crude inventories put pressure on oil futures on Wednesday. Moreover, the outlook of a slowing global oil demand maintained by the ongoing U.S. trade differences with China and Mexico also weighed on prices. As a result, WTI futures dropped by 3.4% to $51.68 a barrel, while Brent crude lost 2.2% to close at $60.63 a barrel.
read more... 06/06/2019