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Daily: European power diverge on robust wind supply in Germany, higher consumption in France
Crude oil prices declined as much as 1 percent on Monday, prolonging losses for a consecutive day, dragged down by new stockpile hike at the delivery point for U.S. crude futures and lower Wall Street share prices. On Monday, the front-month in Brent crude futures fell 23 cents, or 0.5 percent, to close at $47.19 a barrel. West Texas Intermediate (WTI) dropped 42 cents, or 1 percent, to settle at $43.87.
read more... 10/11/2015
Germany's EnBW increases German retail electricity prices next year
Germany's third-largest utility EnBW declared on Monday it will increase retail power prices for the majority of the customers by 2.4 percent from Jan. 1, 2016, quoting higher network charges and a rising share of state-induced charges.
read more... 10/11/2015
World coal consumption - less than ever
Global consumption of coal, the most polluting fuel has registered its biggest decline in history.
read more... 09/11/2015
Siemens and Bolivia ink billion-euro energy memorandum of understanding
German industrial conglomerate Siemens has inked with Bolivia a long-term energy collaboration accord estimated at more than a billion euros ($1.1 billion), as it stated on Friday.
read more... 09/11/2015
BP signs agreement to hasten development of Atoll gas field in Egypt
UK-based oil and gas major BP has inked a heads of agreement (HoA) with the Egyptian Minister of Petroleum to accelerate the expansion of the Atoll gas field in the country.
read more... 09/11/2015