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Daily: European power hits the lowest level since 2010
Brent crude oil futures declined 54 cents to settle at $107.64 a barrel on Monday, in spread trading that saw the international benchmark's premium to U.S. crude narrow by nearly $1 a barrel. Meanwhile, front-month U.S. crude oil futures climbed 47 cents to settle at $87.20 a barrel on Monday, backed by news of the impending expansion of the Seaway crude oil pipeline and optimism about a deal to avert the U.S. fiscal cliff.
read more... 18/12/2012
World PV market in 2012: optimistic results expected thanks to Germany
Despite a rough and a pessimistic year for the whole solar industry, being hit by anti-dumping and protectionist measures as nations all over the world tried to save their own manufacturers from a huge oversupply and declining prices, however, the year which was announced to be a tumble one, was saved by Germany.
read more... 18/12/2012
Germany says yes to shale gas extraction
According to the U.S. Energy Information Administration, Germany has technically recoverable shale gas reserves of about 230 billion cubic meters. Hydraulic fracturing has been practiced in Germany since the 1960s, but was suspended recently on health and safety concerns.
read more... 18/12/2012
Daily: January Brent and U.S. crude futures end higher at contract expiration
January Brent and U.S. crude futures which are expiring soon settled up on Friday on expectations that demand in China will boost after data showed that manufacturing sector is reinforcing this month and amid a weaker U.S. dollar which also backed oil prices. Meanwhile, Brent January crude boosted $1.24, or 1.15 percent, to settle at $109.15 a barrel after trading from $108.20 to $109.58. U.S. January crude futures gained 84 cents, or 0.98 percent, to settle at $86.73 a barrel, having traded from $86.05 to $86.92.
read more... 17/12/2012
Turbine installation has been completed at London Array
The last turbine has been installed at the UK’s London Array offshore wind farm. After installing all 175 turbines at the 630MW project, 55 of which are supplying power to the grid, while the remaining 120 will be connected over the coming months, the wind farm is on the way to be ready in spring 2013 and will generate enough power for more than 470,000 homes.
read more... 17/12/2012