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Daily: European year-ahead power prices trade higher tracking fresh 2016 highs for oil
Crude oil climbed by about 3 percent on Wednesday, reaching fresh highs for 2016 as the dollar depreciated after the Federal Reserve unveiled it would leave U.S. interest rates unchanged. Front-month Brent rose by $1.44, to settle at $47.18, having touched a 2016 high of $47.45 earlier. WTI's front-month contract increased $1.29, percent, to close at $45.33 a barrel, after attaining a 2016 high at $45.62.
read more... 28/04/2016
Ukraine brings in new energy tariffs to meet IMF requirements
The Ukrainian government on Wednesday united natural gas tariffs for consumers since it looks to meet requirements by the International Monetary Fund to obtain financial support.
read more... 28/04/2016
China connected 5.33 GW of wind capacity to the grid in Q1 2016
China’s newly installed wind power capacity hit 5.33 GW in the first quarter, up 13% year-on-year, according to figures released by the National Energy Administration (NEA).
read more... 27/04/2016
Daily: Crude oil rockets to 2016 high after API report release, gasoline hike
Crude oil prices attained 2016 highs on Tuesday, buoyed by a hike in the gasoline market and after API’s report showing an unexpected withdrawal in U.S. crude inventories. Brent and U.S. crude's West Texas Intermediate (WTI) futures closed the trading about 3 percent higher. Brent crude futures increased by $1.26 to settle at $45.74 a barrel. In post-settlement trade, it raised as much as $2.01 to a 2016 high of $46.49. U.S. crude futures edged $1.40 higher at $44.04. It added $2.19 in after-hours trade to hit a year-to-date high of $44.83.
read more... 27/04/2016
Polish state-controlled companies decide to invest $620 million in coal group
Six Polish state-controlled companies have decided to invest $620 million in a newly-established state coal mining conglomerate PGG, as they stated on Tuesday, as part of an effort to save the European Union's biggest coal miner Kompania Weglowa from insolvency.
read more... 27/04/2016