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EDF inks preliminary agreement to build six nuclear plants in India
French utility EDF declared on Tuesday it had inked a preliminary deal with Nuclear Power Corp of India Ltd (NPCIL) to construct six nuclear reactors at Jaitapur, in the west of India.
read more... 27/01/2016
Daily: Crude oil soars on hopes for output cuts to slash oversupply
Crude oil prices hiked on Tuesday, increasing over 4 percent as investors were optimistic that expected output cuts could eventually reduce one of the largest global oversupplies in decades. Crude climbed after OPEC urged rival producers to cut supply alongside its members. Brent crude rose $1.30, or 4.26 percent, to settle at $31.80 a barrel, recovering from a decline at the start of the session to pick at $32.72. U.S. crude climbed 3.7 percent, or $1.11, to close at $31.45 a barrel. During the session it increased as high as $32.41.
read more... 27/01/2016
Vattenfall ended first ever offshore wind farm dismantling
Vattenfall, has completed dismantling the Yttre Stengrund offshore wind farm in Kalmar Sound, Sweden, marking the first decommission in the world.
read more... 26/01/2016
Daily: European prompt power prices tumble as cold spell ends
WTI crude oil prices retreated 6% on Monday, falling below the key $30-a- barrel threshold in post-settlement trade, after news that Iraq’s production hit a record last month, intensifying again the worries about supply glut. U.S. crude fell $1.85 or 5.8% to settle at $30.34 a barrel. Brent crude, the global benchmark, eased $1.68 at $30.50 a barrel, 5.2% below its settlement price on Friday. It attained $30 after Monday's close.
read more... 26/01/2016
Energy demand will increase by 25% by 2040
Global energy demand will rise by 25% by 2040, according to a new report by ExxonMobil which added China and India will account for approximately half of the projected growth during the same period.
read more... 26/01/2016