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Daily: Crude oil plummets on Chinese economy downturn, increase in U.S. crude inventories
Crude oil prices ended lower on Tuesday, dragged down by signs of a downturn in Chinese economy and an increase in U.S. crude inventories for the second consecutive week. However, Brent crude losses were capped by endless production outage in Libya and South Soudan, whereas U.S. light crude was pulled down by plummeting gasoline future prices amid weaker demand for the fuel.
read more... 26/02/2014
Cyprus: natural gas drilling is likely to continue despite Turkish threats
The Greek Cypriot government promised that extraction and drilling of natural gas offshore Cyprus will continue, even though Turkey has threatened to block these operations since it thinks the energy assets partly belong to Turkish Cypriots.
read more... 25/02/2014
EnviTec implemented two new biogas plants in the Czech Republic
EnviTec Biogas AG, headquartered in Germany, has implemented and put into operation 2 biogas plants with 999 kW each in December last year.
read more... 25/02/2014
Dongfang wins order to supply 30 turbines to Blaiken
China’s Dongfang Electric has inked a €67 million transaction with Skellefteå Kraft to deliver turbines at the third stage of the 250 MW Blaiken wind farm in the north of Sweden. The first two phases comprise 60 Nordex turbines of 2.5 MW each.
read more... 25/02/2014
Daily: Forward prices of European power settled down on warm weather, sluggish supply
Brent crude oil settled up on Monday, spurred by output blackouts in Libya and South Soudan which slashed exports and restrained global supply.
read more... 25/02/2014