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Fessenheim- France’s oldest nuclear power plant to close by 2016
French Environment Minister Philippe Martin, in an interview with Le Journal de Dimanche, has announced that the country's oldest nuclear plant of Fessenheim, northeastern France, is expected to be closed by the end of 2016, as promised also by the French president Francois Hollande during the electoral campaign.
read more... 24/07/2013
Russia increase its oil deliveries to China
In a move which aims to reduce oil exports to European market, Russia has recently announced that it intends to increase oil flows to Asia, making Beijing its top customer, which now imports a fifth of oil exports from the major crude oil producer in the world.
read more... 24/07/2013
Daily: French spot power prices up on prolonged heat wave
Brent crude pared gains on Thursday as the optimism for more stimulus from the U.S. Federal Reserve faded. Meanwhile, Brent crude for October delivery increased 10 cents to settle at $115.01 a barrel, having fluctuating from $114.43 to $116.38. It has recovered from a low of $88.49 recorded on June 22 after retreating from the 2012 high at $128.40 hit on March 1. U.S. October crude traded 99 cents down to settle at $96.27 a barrel, after reaching $98.29, the highest level since May 4. In the same time, U.S. crude has recovered after slipping below $78 a barrel in late June.
read more... 24/07/2013
Brent and WTI crude oil benchmarks converge
U.S. oil futures traded above the global crude-market benchmark, North Sea Brent, for the first time since 2010 in intraday trading on Friday as signs of strong demand from U.S. refiners boosted spread trading and bets that the era of the U.S. discount was ending.
read more... 24/07/2013
World Bank to limit financing coal- fired power plants in the future
The World Bank has announced it will help countries to seek alternatives to coal power and will stop funding for new coal power generation projects. Jim Yong Kim, the President of the World Bank has always stressed the need to mitigate the impacts of climate change, making it a main concern for the Bank itself and for its five main organizations which are offering loans and grants to poor and emergent countries worldwide.
read more... 23/07/2013