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Daily: European power futures hit a new record low pressured by weak carbon prices
Crude oil prices declined 3 percent on Monday, finishing down for a third consecutive day, dragged down by concerns that U.S. crude inventories have hiked to new record highs, while a Saudi-Venezuela meeting to spur prices showed no tangible progress. U.S. crude traded below $30 a barrel, ending down $1.20 at $29.69. Global crude benchmark Brent eased $1.18 to settle at $33.88.
read more... 09/02/2016
Morocco turns on the first phase of the largest concentrated solar power (CSP) plant in the world
Morocco has achieved the first phase of the world’s largest concentrated solar power (CSP) plant.
read more... 08/02/2016
Daily: Crude oil settles down in volatile trade ahead of top oil producers meeting
Crude oil prices settled down on Friday, snapping two weeks of gains, as speculations about a possible agreement between top oil producers defied concerns about intensifying supply glut. Global benchmark Brent crude futures fell 40 cents or 1.2 percent to close at $34.06 a barrel, after trading between $35.14 and $33.81. U.S. crude futures declined 83 cents or 2.6 percent lower, to close at $30.89 a barrel, after hitting a peak of $32.45. The contract shed slightly lower to $30.63 in post-settlement trading.
read more... 08/02/2016
E.ON’s investment in renewables attains €10 billion
E.ON claims it has invested over €10 billion (£7.7bn) in green energy.
read more... 08/02/2016
LNG supplies to Lithuania will triple, says operator
LNG supplies to Lithuania will triple to the end of September as a result of two new agreements inked by the country's Klaipeda terminal, as stated by its operator Klaipedos Nafta on Friday.
read more... 08/02/2016