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Daily: German forward electricity price up from 3 1/2 month low
Crude oil fell on Monday as the multi-week hike was spurring revitalization in already bloated U.S. shale supplies, even as the government expected less output in June from the fastest-growing fields. Brent crude futures declined by 48 cents to settle at $64.91. WTI crude futures dropped 14 cents to close at $59.25 a barrel.
read more... 12/05/2015
UK‘s ageing electricity grid can’t take any more power from renewables
Britain’s ageing electricity grid is holding back renewable energy, dwarfing the growth of renewable energy in the U.K and threatening the country’s prospects for a low-carbon future, says the Solar Trade Association (STA).
read more... 11/05/2015
Italy: Geothermal, solar and wind farms supplied 19.2% of electricity in April
Geothermal, solar and wind power plants provided an amount of 19.2% in the Italian electricity mix in April 2015, according to statistics by Italy’s grid operator Terna SpA. This represents a 2% increase against April 2014.
read more... 11/05/2015
Gazprom and CNPC ink a deal for western route
Gazprom and PetroChina signed a deal on Friday on the basic conditions of gas supplies from Russia to China through the western route.
read more... 11/05/2015
Daily: Brent registers the first weekly loss after series of gains on supply glut worries
Brent crude recorded its first weekly loss in a month on Friday on fresh concerns about global oversupply, while WTI crude boosted for an eight consecutive week, spurred by jobs growth figures and the first storm of the hurricane season forming. Brent crude declined by 15 cents or 0.2 percent to settle at $65.39 a barrel on Friday. It posted a 1.6 percent loss on the week. U.S. crude firmed by 45 cents, or 0.8 percent, for the session to close at $59.39 a barrel. It registered a 0.4 percent gain on the week.
read more... 11/05/2015