Latest news
Daily: European power spot prices jump as cold weather is lifting demand
Brent crude oil climbed 54 cents to settle at $111.94 a barrel on Tuesday, backed by buying related to the annual rebalancing of the S&P GSCI commodity index. Meanwhile, front-month U.S. crude oil futures eased by 4 cents on Tuesday to settle at $93.15 a barrel, weakening as the S&P GSCI commodity index - one of the two biggest commodity indexes - began to rebalance for 2013.
read more... 09/01/2013
China to build a new nuclear power plant
China has started the construction of a new power reactor in December, after lifting a construction moratorium imposed following Japan’s Fukushima disaster. The 200MW capacity reactor, which is being built at Shidao Bay in Shandong Province and will have a total cost of about 3 billion yuan (475 million dollars), will start generating power by the end of 2017.
read more... 09/01/2013
France to double its target for annual PV energy growth
French government has doubled its target for annual photovoltaic energy growth from 500 MW to 1000 MW and has also instituted a rescue plan for solar power industry. The measures are expected to spur investments by more than 2 billion euro.
read more... 09/01/2013
Factors behind oil price
The price of a barrel of oil is the result of a number of competing factors:
read more... 09/01/2013
Daily: European power prices decreased on a major wind power production in Germany
Crude oil was down on Thursday on concerns about looming U.S. budget discussions and signs of increasing anxiety by the U.S. Federal Reserve about buying bonds to spur economic growth. The U.S. budget crisis was under strongly surveillance by the oil markets , as well as steady problems in the euro zone, for signs over a possible decrease in fuel demand.
read more... 04/01/2013