U.S. crude plunged at a more than six-year low on Tuesday after China's currency depreciation intensified worries about oil demand in the No. 2 consumer and a new OPEC estimate showed non-member producers are likely to keep output high despite weak prices.
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Poland's grid operator PSE declared it anticipated to raise completely electricity consumption limits on Wednesday after a heat wave obliged it to lessen supply to industry this week for the first time in more than a decade.
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Wind energy pricing in the United States hit an all-time low, according to a new report performed by the U.S. Department of Energy and prepared by Lawrence Berkeley National Laboratory (Berkeley Lab).
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The last two coal-fired power units in New Zealand will be closed in the following three years.
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Crude oil prices rebounded on Monday, up 4 percent after a hike in U.S. gasoline and diesel due to a refinery outage helped crude futures recover from multi-month lows. Brent boosted 3.7 percent, recording its largest gain since end-May. U.S. crude jumped 2.5 percent, its highest in two months. Brent crude advanced $1.80 to close at $50.41 a barrel. WTI crude added $1.09 to settle at $44.96 a barrel.
read more... 11/08/2015