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Daily – Societe Generale lowered carbon price forecasts on over-supply in the market
Societe Generale announced on Tuesday to have reduced its price forecasts for European Union and U.N. carbon emissions permits from 2011 to 2015, due to over-supply in the market and less hedging by utilities, following other carbon analysts who have lowered their price forecasts earlier this month on the back of a slowing EU economy undermining demand for EU Allowances (EUAs) permits. Benchmark 2011 EUAs traded at around 11.90 euros a tonne on Tuesday.
read more... 13/09/2011
Lukoil reveals major investments in oil refining and petrochimical
Russian energy major, Lukoil announced its plans to invest $25 billion in oil refining and petrochemistry both in Russia and abroad in the next 10 years, said Lukoil head Vagit Alekperov .
read more... 13/09/2011
Explosion at one of the oldest French nuclear plant
An explosion at Marcoule nuclear plant, owned by French power utility EDF occurred in southern France on Monday, killing at least one person and wounding four more, according to French Nuclear Safety Authority regulator.
read more... 13/09/2011
Germany: 20 % of power comes from renewables
During the first half of 2011, Germany for the first time generated more than 20 % of its power from renewable sources, in the aftermath of Fukushima and amid many countries policies to phase out nuclear power.
read more... 13/09/2011
Buy or sell German power?
The German power market has seen price rises in late summer or early autumn for a decade as the market stocks up and hedges its assets ahead of the winter heating season. But the economic slowdown and fears about a double-dip recession have put this seasonal price pattern into doubt.
read more... 13/09/2011