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Poland: PGE suspends the construction of $3.6 bln coal power plant
PGE, the Polish state biggest utility, has suspended its plans to build two new coal-fired power units worth $3.6 billion, citing weak demand and falling electricity prices.
read more... 08/04/2013
Norway’s oil sector faces strike threat
Norway's vast oil sector could face disruption as employees at key supply bases plan to walk off the job on Monday, April 8, threatening supplies to offshore platforms.
read more... 08/04/2013
Daily: Brent and U.S. crude oil at the largest percentage week-on-week loss
Brent and U.S. crude oil prices declined on Friday, registering the largest percentage week-on-weak loss since June and September respectively, dragged down by a weak U.S. jobs data which backed concerns about the economy of the largest oil consumer in the world.
read more... 08/04/2013
Daily: Crude oil prices down on U.S jobless claim
Brent crude oil prices hit a five-month low, touching near $105 a barrel on Thursday following a U.S. jobless claim, prompting a second day of widespread selling in oil markets. Brent crude settled down 77 cents at $106.34 a barrel, while U.S. crude oil futures settled at $93.26, down $1.19 but also more than a dollar above the day's low. U.S. gasoline futures settled down almost 2 cents at $2.90 a gallon.
read more... 05/04/2013
Europe: Renewables share in power generation set to increase by 40% in 2020
The renewables’ contribution in Europe’s generation capacity is expected to increase to at least 40% by 2020, overtaking the capacity supplied by coal, natural gas and oil, declared the region’s grid operators group Entsoe.
read more... 05/04/2013